Norway’s climate fund targets Asia investments

Norway’s Climate Investment Fund, will invest up to $653 billion by 2027 in emerging market climate projects – the majority of it in Asia. “The mandate is to help emerging markets in their transition to renewables and this has meant a tilt to Asia,” said Mark Davis, executive vice president at Norfund, Norways $4 billion development fund, which was tasked with managing the CIF since its inception in 2022. The fund invests in renewable energy, storage and transmission in emerging…