The government, formed by Conservative partyleader Erna Solberg last month, will establish an investment programme for the GovernmentPension Fund of Norway with the purpose of backing sustainable projects and companies.
The move by the government follows a call by an alliance of investors, businesses and social groups, urgingthe government to expand its investments to encompass renewable energy.
They highlight that the fund’ssize and long-term investment horizon makes it ideal for investing in renewables, adding that such a move would not be without precedent.
