
From 2020, Danish state-owned development fund Investeringsfonden for Udviklingslande (IFU) will essentially no longer provide aid for fossil fuel-based projects in the Global South, the fund informs in a statement.
"In partnership with Danish pension companies, we have ... shown that investments in renewable energy in developing countries can be achieved on a commercial basis," says IFU Director Torben Huss the statement.
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