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Norway's government said it would boost spending on environmental projects in the energy sector by 80 percent this year, as part of a euro 2.24 billion (20 billion crown) fiscal stimulus package announced on Monday. Subsidies to Enova, the Norwegian government's "green energy" investment fund, will amount to euro 0.29 billion (2.6 billion crowns), some euro 0.13 billion (1.2 billion crown) more than envisaged previously. The Energy and Petroleum Ministry, which oversees Enova, said the additional money should be spent on projects seeking to improve energy efficiency in industry and construction, environmentally friendly heating and wind power.
Energy and Petroleum Minister Terje Riis-Johansen said in a statement the new spending would help shore up the economy by "securing jobs in a downturn" and help fight climate change.
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