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Norway's sovereign wealth fund doubles green infrastructure allowance

The Norwegian sovereign wealth fund's ceiling for green infrastructure investments has been raised twofold from NOK 60 billion to NOK 120 billion.

Photo: conocophilips

The Norwegian government has decided that the country's sovereign wealth fund, the result of accumulated fossil capital, will henceforth be allowed invest more in renewable energy, report several domestic media.

Looking forward, the fund's investment ceiling on renewable energy infrastructure will be NOK 120 billion (EUR 12.4 billion) – twice the former level of NOK 60 billion.

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