Norway

IEEFA Research

IEEFA Norway: Why the World’s Biggest Sovereign Wealth Fund Should Invest in Global Renewable Energy Infrastructure

IEEFA Norway: Why the World’s Biggest Sovereign Wealth Fund Should Invest in Global Renewable Energy Infrastructure

The Sector is Growing, Returns Are Reliable, the Outlook is Positive

We published a report this morning that highlights how Norway is at a historic crossroads in how it manages some of its vast national wealth bound up in the Government Pension Fund Global (GPFG). Indeed, GPFG is facing an unusually opportune moment this summer, as Parliament considers whether to enact a mandate that would have […]

Coal Industry Arguably ‘Poorest-Performing Sector’ in Global Economy: New IEEFA Analysis

Coal Industry Arguably ‘Poorest-Performing Sector’ in Global Economy: New IEEFA Analysis

A ‘clear, effective and achievable’ mandate by Norway's Parliament is seen as the most effective way to limit losses from an energy sector in deep decline; Fiduciary duties are emphasized; Industry’s growing opposition to climate science is noted

CLEVELAND, May 18, 2015 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis (IEEFA) today urged the Norwegian Government Pension Fund Global (GPFG) to reduce its exposure to fossil-fuel risk by divesting more of its coal-related holdings. A new IEEFA report, “The Case for Divesting Coal from the Norwegian Government Pension Fund Global,” presents […]

May 17, 2015 Read More →
Case for Divesting Coal from the Norwegian Government Pension Fund Global

Case for Divesting Coal from the Norwegian Government Pension Fund Global

Case for Divesting Coal from the Norwegian Government Pension Fund Global By Tom Sanzillo, Director of Finance, Institute for Energy Economics and Financial Analysis View in Norwegian.

More News and Commentary

Norway Dodges an Opportunity

Bloomberg News: The Norwegian government is resisting calls for its $873 billion sovereign wealth fund, the world’s biggest, to add unlisted infrastructure projects to its portfolio of stocks, bonds and real estate. It should relent, recognizing both the financial and societal benefits from expanding the universe of potential investments available to the fund. But what […]

April 7, 2017 Read More →

Norway Government Digs in Against Renewable Infrastructure Investment, Ensuring ‘Further Debate on This Topic’

Reuters: The minority government repeated it was opposed to letting the fund invest in unlisted infrastructure such as roads, bridges and wind farms, due to the political risk these investments may carry and their high transaction costs. It had opposed loosening the rules in last year’s review but lawmakers had said the question should be […]

March 31, 2017 Read More →

Norway’s Pension Fund Considers Divesting From Firms Facing Climate Risk

Reuters: The ethics watchdog for Norway’s $900-billion sovereign wealth fund will recommend this year that the fund exclude or put on a watch list several firms in the oil, cement and steel industries for emitting too much greenhouse gas. Carbon emissions are a new criteria for the fund, which was built up from the proceeds […]

March 9, 2017 Read More →

Press Release: $658 Billion Norwegian Investment House Cites Uncertainty in Pulling Out of Dakota Access Pipeline Project

Storebrands: Storebrand has made the decision to withdraw all investments from the controversial Dakota Access pipeline, including positions in the North American companies Marathon Petroleum Corporation, Enbridge Inc. and Phillips 66. “We have come to the conclusion that active ownership is not going to deliver a better outcome, and after an overall assessment of the […]

March 2, 2017 Read More →

On the Blogs: The Case for Institutional Investment in Clean Energy

Madeleine Cuff for BusinessGreen.com: Norway is under mounting pressure to allow its sovereign wealth fund the ability to invest i unlisted infrastructure assets – such as clean energy projects – to boost growth prospects an curb climate risk. In June this year, Norwegian lawmakers will face a choice – a choice that could not only […]

February 23, 2017 Read More →
IEEFA Norway: Why the World’s Biggest Sovereign Wealth Fund Should Invest in Global Renewable Energy Infrastructure
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IEEFA Norway: Why the World’s Biggest Sovereign Wealth Fund Should Invest in Global Renewable Energy Infrastructure

The Sector is Growing, Returns Are Reliable, the Outlook is Positive

We published a report this morning that highlights how Norway is at a historic crossroads in how it manages some of its vast national wealth bound up in the Government Pension Fund Global (GPFG). Indeed, GPFG is facing an unusually opportune moment this summer, as Parliament considers whether to enact a mandate that would have […]

IEEFA Op-Ed: Opportunity Knocks

Enormous and Immediate Demand for Renewable Energy Infrastructure in Developed and Emerging Economies Alike

Norway’s management of its vast national wealth – held in the world’s biggest sovereign wealth fund – is at an historic crossroads. Indeed, it is facing an unusually opportune moment this summer, as parliament considers granting the fund a mandate to invest up to 5 percent of its US$880 billion in unlisted infrastructure, including renewable […]

February 22, 2017 Read More →

‘Real Funds That Are Investing Real Money’

Mikael Holter for Bloomberg News: Norway needs to overcome its risk aversion and allow the country’s $900 billion sovereign wealth fund to invest in unlisted infrastructure, including renewable energy projects, according to a new report. The fund should be freed to invest 5 percent of its capital in such assets, which the investor itself has […]

February 22, 2017 Read More →

IEEFA Report: Norway Sovereign Wealth Fund Stands to Gain by Investing Now in Renewable Energy Infrastructure

Parliament Can Enact Mandate for Norges Bank to Proceed; ‘The Opportunity Is Enormous … the Risk Is Manageable’; Five Recommendations on Going Forward

FEB. 22, 2017 (IEEFA.org) — A report published today by the Institute for Energy Economics and Financial Analysis today shows how the US$880 billion Norwegian Government Pension Fund Global (GPFG) can invest productively in unlisted infrastructure assets including renewable energy. The IEEFA report—“Making the Case for Norwegian Sovereign Wealth Fund Investment in Renewable Energy Infrastructure”— […]

February 22, 2017 Read More →

Norway Pension Fund Expands Coal-Industry Divestment

Rachel Fixsen for Investment & Pensions Europe: The Norwegian Government Pension Fund Global (GPFG), the country’s NOK7.5trn (€830bn) sovereign wealth fund, has decided to exclude another 15 companies from its investments because of their coal business, bringing the total number it has shut out to 59. The exclusions follow Norges Bank Investment Management’s second round […]

December 22, 2016 Read More →