News

Norway investment to support renewable projects in developing countries.

Author

GIACOMO BRAVACCINI

Giacomo has an academic background in civil and environmental engineering (MSc) and is always at the forefront when it comes to environmental initiatives and clean energy. Giacomo blends his technical knowledge with a strong passion for marketing which he developed during his professional career.
Share
Published
August 22, 2022
Newsletter
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

The Norwegian government will invest $1.2 billion in developing countries' renewable projects,

and urged private investors to work with them to spend 10 billion crowns on investment in renewable energy for 5 years to cut emissions of greenhouse gases.

Norfund, the Norwegian Investment Fund, will assist initiatives to reduce fossil fuel dependency, particularly coal, beginning next year.

It may potentially mobilize some 100 billion crowns in investment through private equity partners and, according to the government, represents a significant component of Norway's commitment to the achievement of the United Nations climate change agreement and sustainable development objectives.

In industrialized nations like Norway, the greatest greenhouse gases in the atmosphere are responsible for their riches, but the headaches of climate change are in many of the less developed countries.

Following criticism of the drive of the developing world to combat climate change, the affluent countries promised to fund $100 billion annually by 2020 to help the poorer governments deal more than a decade ago with the task of adapting.

Stay updated on the latest news by subscribing to our monthly newsletter.

Read the full article.


News

See more in FlexiDAO news

January 19, 2023

FlexiDAO launches landmark 24/7 Carbon-free Energy Academy

FlexiDAO wants to help businesses truly understand consumed electricity's origin and carbon footprint.

November 29, 2022

Paul Breslow joins FlexiDAO as new VP of North America

Paul Breslow has joined FlexiDAO as Vice President of North America, growing and leading our activities in the US and Canada.

November 29, 2022

Roeland Mesland joins FlexiDAO as Chief Commercial Officer

We are excited to announce Roeland Mesland will be joining our leadership team as our new Chief Commercial Officer (CCO)

The 24/7 traceability forerunner, trusted by

Iron Mountain logo