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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Renewables still out of scope for Norway pension fund

Posted on 06 April 2016

Norway’s Government Pension Fund Global (GPFG) will not be investing in renewable energy, the Minister of Finance said today, turning down a proposal for the expansion of the fund’s reach. “The GPFG has a financial target, and is not an instrument for promoting state investment in developing countries or renewable energy,” Siv Jensen said.
He noted that the Norwegian government is considering the establishment of a limited company to invest in firms that develop and use green technologies. More on this matter will be said in the revised 2016 budget, the minister noted. Renewable energy has been suggested as one of the possible investment areas under a proposal to allow the sovereign wealth fund to take interests in unlisted real estate and infrastructure………………………………………..Full Article: Source


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