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Capital pathways to larger markets

To create a vaccine against the coronavirus, we need innovation and cooperation across borders. At the same time, we have to increase global collaboration to solve the climate crisis that is currently attacking the lungs and ecosystems of our planet

The restrictions on transport, travel and activity to stop the spread of the coronavirus is estimated to create a 5 % decrease in global lower greenhouse gas this year. This not an ideal way to repair our warming climate. We must reduce greenhouse gas emissions as we simultaneously create new business activity and jobs.

This is why the latest report from the International Renewable Energy Agency (IRENA) is encouraging: it shows that investing in the right technologies can decarbonise the energy system, stimulate the global economy, create millions of new jobs and reach the climate goals in the Paris agreement. The three main investments in this strategy are in renewable energy, energy efficiency and electrification.

Nysnø Climate Investment is a state-owned company that invests in companies and funds with profitable and smart solutions to climate change. This set-up enables us to focus on technologies as business models that bring us closer to the Paris goals. Our mission is to make profitable investments in companies with technology and solutions that contribute to greenhouse gas reductions. We actively build on Norway’s unique advantages to create international competitiveness from companies:

  • Clean, renewable hydropower production for both export and industrial production of materials and products demanded worldwide
  • A unique maritime competence in developing emission-free sea transport, offshore wind power and sustainable sea food
  • Accelerating electrification and digitalization across end-use sects, including transport, industry and residential
  • Abundant natural resources to produce both blue and green hydrogen
  • Industrial knowledge, experience and expertise in CCS with the required geology for long-term carbon storage

By investing in companies positioned within these competitive advantages, we get a return on capital – at the same time as we create increased business activity, more jobs and contribute to reduced greenhouse gas emissions.

Nysnø invests in companies that are not yet listed. In the unlisted financial world, you do not get far without trust and network. You need to trust the teams doing the hard work to build profitable technology companies. You need networks to reach the customers that will buy the products, and networks for other investors who contribute with capital and knowledge.

Nysnø always invests together with private investors, and in this way, we accelerate the green transition by mobilising more private capital in the right direction. Investment strategies and capital must be spent on climate change solutions for us to collectively achieve the Paris goals. According to IRENA, it will take about USD 130 billion to change the energy sector alone to align with the Paris goals.

Although Norway has several competitive advantages in creating global green growth, we have a major barrier – our limited domestic market.

A way around this is building capital pathways to other markets outside Norway. Nysnø actively builds networks with global venture environments that understand the exiting solutions and climate technologies Norwegian companies have to offer. There is a huge potential here. In addition, we have an additional competitive advantage from Norway’s sovereign wealth fund, as well as a democratic and efficient state and government. Norway is already considered an internationally recognized asset manager. This confidence is a global door opener for positioning home-grown companies for green international growth.

– Siri Kalvig,
Nysnø Climate Investments

Finansavisen 4th May 2020