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Norway’s oil fund predicts larger green bonds allocation

The low costs of investing in green bonds has made the Norwegian government pension fund – the oil fund – eager to increase its investments in this sector.

Yngve Slynstad, CEO of Norges Bank Investment Management (NBIM), which manages the oil fund. | Photo: NBIM

Norway’s sovereign wealth fund may further increase its investments in green bonds. According to IPE, the fund's management points to the low costs of green bonds investments.

"Looking ahead, investments in so-called green bonds may account for a larger share of these investments. This type of investments involves low costs for us as managers," Yngve Slyngstad, CEO of Norges Bank Investment Management (NBIM), which runs the Government Pension Fund Global (GPFG), said in a parliamentary hearing in Oslo recently.

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