Norway to fund major energy projects

Waste Management & Environment
November, 2006, Page: 14

Norway is to subsidise renewable and energy efficiency projects under a 20 billion crown ($4 billion) fund as water shortages threaten the hydroelectricity plants that supply 99 per cent of its power. From 2008 to 2023, bio-energy producers and other pioneering technologies will get 2 cents/kWh, wind power producers 1.6 cents and small hydropower plants 0.8 cents.

It comes as the government-appointed Commission on Low Emissions released a report finding Norway could slash greenhouse gas emissions by 60-80 per cent by 2050 without constraining economic growth. It outlined 15 measures, particularly improved efficiency and carbon capture and storage.

Report: www.Iavutslipp.no/article_1334.shtml