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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 4:01 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 9:58 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 6:11 AM

An example to conscient and wealthy govenments...

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km-tech: Forecasting tool for energy efficiency

km-tech: Forecasting tool for energy efficiency | Sustain Our Earth | Scoop.it

Balijepalli believes that an efficient power forecasting tool is extremely essential in today’s scenario when our country is facing a power crisis of the worst kind. And with the gap between demand and supply of power continuing to widen, the situation looks bleak. What it requires are drastic steps. Till the time that happens, an innovation like km-tech can be relied upon to ease the situation, as it will help the players in the power sector better manage their power needs and also save them some money in the process. Explaining the issues with the existing forecasting tools, he says, “The existing forecasting technologies face the drawback of using a large historian data before being able to predict to standard practical accuracy levels. Moreover...


Via Hans De Keulenaer, Diedert Debusscher
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French village shows way to have wind take them out of debt

The wind of fortune has swept into Arfons, a village in the Tarn region of southwestern France, whose budget has rocketed fivefold in the past three years from 400,000 euros to 2.3 million euros (£1.94 million) – or 12,169 euros per person.


Via Hans De Keulenaer
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