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Norway launches green transition package and hydrogen strategy

The Norwegian government recently put forward a green transition package of NKr3.6bn ($0.38bn), with hydrogen, building renovation, batteries, offshore wind, the circular economy, green shipping and other forms of green energy mentioned specifically.

Following the announcement, a hydrogen strategy was launched. Norway is following other European countries which are also looking into the economic benefits of hydrogen, which many see as a true cross-sectorial enabler and key for reaching net zero greenhouse gas emissions by mid-century.

‘Norway’s investment into hydrogen and other green technologies is a good start, but more needs to be done. Urgently,’ says Nils Røkke, Chairman of the Board of the European Energy Research Alliance (EERA) and Executive Vice President Sustainability, SINTEF Energy. ‘Pilots and demo activities are highlighted, but we need to scale initiatives to create change. The hydrogen economy is crucial for Europe and Norway to reach ambitious energy and climate goals. We must dare to invest and take a bet on hydrogen now.’

News Item details


Journal title: Petroleum Review

Countries: Norway -

Subjects: Banking, finance and investment, Energy policy, Decarbonisation

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