This week’s release of Norway’s new Government program has included a commitment to consider establishing a mandate for the Government Pension Fund Global (GPFG) –the world’s largest sovereign wealth fund, to invest into renewable energy.
According to Renew Economy, if the fund allocated up to a 5% of its investment into renewable energy-related infrastructure, it could provide $10 billion a year to the green energy investment market from 2015 –making the fund one of the world’s largest single clean energy investors and facilitating a substantial move away from the fossil fuel industry.