Industri 2050

The Industry 2050 program in Norway, running from February 2023 to December 2027, has an annual budget of NOK 1.65 billion (USD 147 million) to support industrial decarbonization and waste incineration projects. It funds technologies that significantly reduce greenhouse gas emissions, focusing on reducing fossil fuel use, cutting emissions from industrial processes, and supporting carbon capture and storage (CCS). Funding decisions are made within three months by Enova. Incentives include up to EUR 35 million per R&D project (50% of eligible costs), EUR 25 million for experimental development or infrastructure/storage projects, and EUR 8.25 million for feasibility studies.

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