Innhold

Changes in the NOx Fund's support scheme

The NOx Fund

Publisert

The NOx Fund increases the support rate to NOK 400 per kilo for all NOx-reducing measures.

The NOx Fund introduces a support rate of NOK 400 per kilo NOx reduced for all measures. The change means that previous measures with low support rate, such as SCR systems and energy efficiency, will have their support rate doubled from NOK 200 to 400 per kilo NOx reduced. However, this does not necessarily mean that the support is doubled, since the maximum support of 70% of the investment cost, and technical system limits for what can be included, still have a limiting effect.

Another positive effect, beyond the increased support, is that projects which previously had a 200-rate, get an increased probability of reaching the maximum support level.

 

The following conditions apply to the change:

a) Applies to new applications as of those that were considered at the board meeting 17.2.2021.

b) Undecided measures that have been granted support as of 1.1.2018 are given the opportunity to apply for revised support conditions.

c) Existing grants as of 1.1.2018 where measures have been decided to be carried out, but not yet been fully verified, are given a 400-rate during verification, but without a change in the maximum grant amount.

d) For fully verified cases that have been given a grant as of 1.1.2018, the applicant can, upon request, receive an updated verification with a 400-rate, but without a change in the grant amount. A new 3-month verification period will then be required, which shall prove an annual NOx reduction that is at least as large as that on which the completed verified project was based on.

- The NOx Fund works according to the principle that the most cost-effective projects should be implemented first. As measures are carried out, the cost (per kilo NOx reduced) increases. Over time, it is reasonable that the NOx Fund's average support rates also increases, says the general manager of the NOx Fund, Tommy Johnsen. The purpose is that higher support and lower risk for the applicant will contribute to more emission reduction projects being applied for and implemented, and that the goals in the NOx Agreement will be met. During the corona period, many projects have been cancelled and postponed and there is a need to replenish the portfolio of measures. We believe that the change can lead to more applications and more investment decisions being made, especially for smaller vessels such as High Speed Light Crafts and coastal freight ships which only partially run on the Norwegian coast, Johnsen concludes.