WWF: “Today it was announced that the government of Norway would mandate the country’s sovereign wealth fund, the largest in the world, to invest in renewable energy, Prime Minister Erna Solberg said in Oslo this morning.”
“We are thrilled that Norway is stepping forward to lead on renewable energy,” says Nina Jensen, CEO of WWF-Norway. “If done at scale, this will have global impact and redefine how we use money consistent with commitments to limit climate change. We have long advocated that the fund invest up to five percent in infrastructure for renewable energy. This will require a change in the guidelines for the fund, similar to the mandate to investing in property that was granted in 2010.”
….Solberg promised that the government would create a renewable energy investment mandate with the same management requirements as other investments in the fund. Full details of the investment mandate will be delivered on April 4th by Norway’s Finance Minister.”
Future Today
