What is the Green Platform Initiative?
The Green Platform Initiative provides funding for enterprises and research institutes engaged in green growth and restructuring driven by research and innovation.
The Government wishes to use the Green Platform Initiative to stimulate bigger and more rapid investments from companies in green sustainable solutions and products. That will strengthen Norwegian exports and value creation and enable us to implement the green transition and create green growth. It will also make Norwegian companies and research institutions better equipped to exploit the opportunities provided by the EU’s Green Deal initiative, which is part of the research and innovation programme Horizon Europe. (link)
The objective is to trigger opportunities for green value creation through major projects. They should comprise the whole value chain from research and knowledge production to testing, commercialisation and industrialisation of sustainable, green products and services.
The Research Council, Innovation Norway and Siva will manage the funds through different types of applications and policy instruments to ensure that users find the process easy.
Several existing joint schemes also deliver on the Green Platform Initiative objectives, including:
- PILOT-E (text in Norwegian)
- Bioeconomy cooperation (text in Norwegian)
Sustainability and green transition
The Government wishes to use the Green Platform Initiative to stimulate bigger and more rapid investments in green sustainable solutions and products. The Green Platform Initiative was part of the Government’s third package of financial measures launched in May 2020 in response to the coronavirus pandemic. The Government then granted NOK 1 billion over a period of three years to a green transition of the industrial sector.
The goal is to strengthen Norwegian value creation and exports and enable Norway to implement the green transition and create green growth. The Green Platform will also make Norwegian companies and research institutions better equipped to exploit the opportunities provided by the EU's Green Deal initiative under the research and innovation programme Horizon Europe.
A sustainable green transition is important for society as a whole and has broad support in the public sector. The following five ministries are behind the Green Platform Initiative:
- The Ministry of Trade, Industry and Fisheries
- The Ministry of Petroleum and Energy
- The Ministry of Climate and Environment
- The Ministry of Agriculture and Food
- The Ministry of Transport and Communication
The allocation of NOK 1 billion applies to the period 2020–2022.