Sunday, 21 September 2014
Last updated 1 day ago
Apr 10 2009 | 1:13am ET
Norway has announced plans to invest NOK 20 billion ($3.1 billion) of its government pension fund in clean technology over the next five years.
According to Norwegian Finance Minister Kristin Halvorsen, the fund will focus on investments “that can yield indisputable benefits,” including clean energy, carbon capture and storage, waste and pollution management and energy efficiency improvement.
Particular attention will be paid to projects promoting sustainable growth in emerging economies, said Halvorsen.
The plan also includes a climate-change study in relation to financial markets.
“In the same way as the Stern Review provided important knowledge about the impact of climate change on the general economic development globally, work of a similar nature might shed light on the effect on financial markets more specifically,” said Halvorsen.
The project is the latest in a series of changes to investment criteria for the $300 billion pension fund, which has stopped backing tobacco-producing companies and evaluates corporate governance and attitudes to environmental issues when weighing potential investments.
Who is investing in clean technology?
Find out, visit our sister publication
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.