Frequently asked questions
The SINTEF Global Climate Fund will fund research into high-potential technologies and solutions that will result in the net removal of greenhouse gases from the atmosphere.
The Climate Fund offers a research-based donation mechanism or early phase offset scheme for businesses and organisations that want to contribute to the development of the necessary solutions for coming generations. These solutions are still in the research phase – not sufficiently mature for investments by commercial funds and users.
Even large reductions in greenhouse gas emissions are not enough to reach the goal of limiting global warming to 1.5 degrees. There is no clear ownership of historical emissions, nor are there any international or UN agreement on offset markets, and research activities to find solutions are limited. The SINTEF Global Climate Fund is an attempt to address this and contribute to an infant market for new, climate positive solutions.
There is a lack of funds for research into the many conceivable, unrealised technologies. CO2 removal is essential – yet under-focused. The world needs major scale and new solutions – thinking beyond what is currently state of the art – to successfully mobilise for 2050.
Technological solutions that allow us to actively remove greenhouse gases from the atmosphere are called climate-positive solutions. The SINTEF Climate Fund aims at funding research on these solutions.
Climate positive solutions are key to all IPCC scenarios for 1.5 degrees.
No, it is not. The Climate Fund promotes research into solutions that aim to remove greenhouse gases from the atmosphere, directly or indirectly. Solutions should also protect environmental and social standards, in alignment with the UN Sustainable Development Goals and the EU taxonomy. The research projects that are currently financed by the Climate Fund have a strong climate potential.
Donations to the SINTEF Global Climate Fund have to be additional – companies that donate to the Climate Fund also have to demonstrate how they reduce their own CO2 footprint through primary measures. The climate fund is an additional measure, to compensate and support solutions which the company or donor cannot reasonably address themselves.
In the start phase, projects that get funding from the SINTEF Global Climate Fund will be managed by SINTEF research scientists. SINTEF has a strong legacy of pioneering industrial climate mitigation technologies. We are open to having external research environments as partners in projects. As more external funding goes into the fund, we wish to open up for other research institutions to contribute, to be sure that we get the best ideas with the greatest climate potential.
We plan regular calls for proposals where researchers can apply for funding from the SINTEF Global Climate Fund. The project proposals will then be subject to a thorough assessment by an expert committee, which will nominate projects to be granted funding by the Board. The interim expert committee consists of: Nils Røkke (Executive Vice President Sustainability, SINTEF), Duncan Akporiaye (Research Director, SINTEF), Knut-Andreas Lie (Research Manager/Chief Scientist, SINTEF), Per Johan Brandvik (Senior Research Scientist, SINTEF), Mona Mølnvik (Research Director, SINTEF), Petter Røkke (Research Director SINTEF Energi), Terje Jacobsen (Vice President Research, SINTEF).
We are working towards expanding the expert committee with external experts. The projects are evaluated against the criteria in the call – where the potential for greenhouse gas removal is essential. The proposed solutions must also be aligned with the UN Sustainability goals and the EU sustainable finance taxonomy, and do not other significant harm.
The SINTEF Global Climate Fund is an initiative launched by SINTEF Sustainability Accelerator Fund AS. This is a private limited company under establishment fully owned by the Norwegian not for profit foundation SINTEF.
The SINTEF Sustainability Accelerator Fund AS Board of Directors are:
Alexandra Bech Gjørv, President and CEO, SINTEF
Idar Kreutzer, CEO, Finans Norge
Nils Anders Røkke, Executive Vice President Sustainability, SINTEF