Norway proposes 3.8B kroner cut to Enova climate fund transfers in 2027

The Norwegian government's 2027 budget proposal cuts transfers to Enova by 3.8 billion kroner, nearly halving the 2026 appropriation. The government cites Enova's 36 billion kroner in accumulated funds as justification, while Finance Minister Stoltenberg argues this provides a solid basis for continued grants. The move signals a fiscal consolidation shift, potentially slowing climate measure disbursements despite existing reserves.