Viking Heat Engines was one of 10 companies contributing to a NHO report about what the Norwegian government needs to do in order to encourage green entrepreneurship..

Viking helps shape Norway's green policies

Viking Heat Engines was one of 10 Norwegian companies invited by the Norwegian Confederation of Enterprises (NHO) to give input on how Norwegian authorities can better cooperate with companies to achieve the United Nations' Sustainable Development Goals.

The recommendations were included in a policy document handed over to representatives from the Department of Commerce and Industry and the Department of Foreign Affairs at NHO's headquarters in Oslo on Monday April 23. 

The event was followed by interesting speeches held by Sjur Bratland, Managing Director at Norwep, and Marius Holm, leader of Zero, who both concluded that the Norwegian green tech industry has an untapped export potential and that Norwegian authorities have to ramp up policy initiatives to facilitate this potential. 

"Norwegian companies are surprisingly poorly represented in developing countries," Mr. Bratland said. 

He went on to say that Norwegian authorities have introduced clever incentives and tax structures to develop the oil industry. "Now the time has come to incentivize Norwegian green tech," he said. 

He went on to say that everybody talks about the "green shift", "sustainable development" and "green tech", but that there has been little action from the Norwegian authorities so far. 

"Now is the time to put words into action," he concluded. "Norwegian authorities budget too low export from the Norwegian green tech industry. It should raise the ambition and change policy incentives accordingly." 

Marius Holm from Zero went on to say that it’s disheartening to see that countries such as India and China still build coal-fired power stations when they have ample possibilities to build sustainable power units. 

"The problem is that the up-front capital expenditure for coal-fired power stations is low, while investment in green tech is high," he said. "Most developing nations with poor financing capabilities opt for the alternative with the lowest investment." 

He went on to say that Norwegian authorities need to recognize this and develop incentives for sustainable energy in developing countries. Department Head Hilde Skorpen from the Department of Foreign Affairs gave the closing remarks, saying she appreciated the advice given in the policy document and invited participants to make use of the foreign office, embassies, Norad, Norfund and Innovation Norway.

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