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Norway Investments in Renewable Energy 'Could Change the World'

Norway Investments in Renewable Energy 'Could Change the World' | Sustain Our Earth | Scoop.it

Brandon Baker With more than $750 billion of holdings in its sovereign wealth fund, Norway is on the brink of potentially making renewable energy investments around the world.

Erna Solberg, who will be named Norway’s second female prime minister, has already heard proposals from her government to use sovereign wealth fund money to invest in sustainable companies and projects in developing countries, Climate News Network reported today. Leader of the conservative party, Solberg won the election in September.
She hasn’t publicly discussed the specific companies and projects the country might invest in, but there are already high hopes.
“If Norway actually does this, it will be an unprecedented shift in the global investment community and also for tangible action on climate change,” said Samantha Smith, head of the global climate and energy initiative at the World Wildlife Fund (WWF).
Financial analysts predict that other nations will follow Norway’s lead and also invest in renewable energy projects. Pension funds in Denmark and the Netherlands already support the renewables sector.

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Via Marc Kneepkens, Ursula Sola de Hinestrosa, Organic Social Media, GreenNess
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Marc Kneepkens's curator insight, October 15, 2013 1:01 PM

At least some countries have positive balances and know very well what to do with the extra money!

Organic Social Media's curator insight, October 18, 2013 6:58 AM

Brandon Baker With more than $750 billion of holdings in its sovereign wealth fund, Norway is on the brink of potentially making renewable energy investments around the world.

António Sousa Correia's curator insight, October 20, 2013 3:11 AM

An example to conscient and wealthy govenments...

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Power, Identity and Social Change as We Enter Degrowth

Power, Identity and Social Change as We Enter Degrowth | Sustain Our Earth | Scoop.it
Dan Bednarz  Understanding the interplay of power[i],[ii] identity, and social change is critical to those who recognize that modern societies are at the limits to growth, in ecological overshoot[i...

Via Willy De Backer
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Willy De Backer's curator insight, August 19, 2013 11:50 AM

Absolutely brilliant analysis by Dan Bednarz of the Health after Oil blog