KLP wants to invest in green maritime financing

The Norwegian pension fund wants to use some of its EUR 79bn in managed assets toward helping the domestic shipping industry move in a greener direction.

KLP's headquarter in Oslo. | Photo: PR/KLP

Last week, Norway's pension giant Kommunal Landspensjonskasse (KLP) approved a project meant to expand the fund's options for underwriting Norway's goal to move its shipping sector in a greener direction, for instance, by adopting renewable fuels produced via renewable power and Power-to-X technology, writes investment and pension sector media IPE.

No specific target is yet disclosed for the targeted credit investments, KLP informs, clarifying that it will depend on finding the right public-private arrangements.

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