The NOx Fund's board approved support for 19 measures in the board meeting in August. A record-high scope of commitments has been made in 2024, with significant CO2 and NOx emissions reductions.
August Board Meeting
The NOx Fund supported 19 projects in August, with a total new support of 296 million NOK. The investment support is distributed across a wide range of industries and technologies and includes:
Total commitments made in 2024
The NOx Fund received 61 applications from January to August 2024, of which 45 have been granted support. The total commitments amount to over 1.3 billion NOK. The projects are estimated to reduce 2,500 tons of NOx and 53,000 tons of CO2 equivalents annually.
| Sector | Projects | NOx reduction (Ton) | Tons of CO2 equivalents | Grant (NOK) |
| Oil and Gas | 4 | 681 | 36 995 | 348 192 000 |
| Shipping | 18 | 1 029 | 11 974 | 536 088 000 |
| Fishery | 16 | 476 | 4 133 | 247 181 000 |
| Industry | 7 | 263 | No data | 158 716 000 |
| Total: | 45 | 2 449 | 53 102 | 1 290 177 000 |
Tommy Johnsen, the NOx Fund's daily manager, commented on the numbers: "It is gratifying to see that the NOx Fund's support scheme continues to trigger environmentally improving measures. I find it particularly positive that the projects provide significant CO2 cuts and reduced NOx emissions. The measures we support must be in operation to receive the support, making these emission reductions relatively certain, impacting both companies' and Norway's emission accounts."
The link below provides a complete overview of what the NOx Fund has granted in terms of support for the entire Agreement period since 2018. The overview does not show confidential, withdrawn, or rejected applications.
Overview of support from the NOx Agreement 2018-2025