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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway oil fund to target green energy, infrastructure if allowed

Posted on 09 December 2015

Norway’s $850 billion sovereign wealth fund, the world’s largest, would invest in renewable energy, transport and grids if it were allowed to put money into unlisted infrastructure projects, the fund’s CEO told Reuters on Tuesday.
His comments came after the Norwegian central bank recommended the fund should be allowed to invest in such projects and to put a higher share of its assets in real estate, changes that could represent the biggest shift in the fund’s strategy since it was allowed to invest in real estate in 2010. “From our point of view the focus will be on the energy transition, renewable energy,” Yngve Slyngstad said in an interview on the margins of the Paris global climate talks, when asked what kind of infrastructure projects the fund could consider………………………………………..Full Article: Source


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