Norway Wealth Fund Targets $3 Billion in Green Technology Stakes

Norway’s sovereign wealth fund, the world’s largest, will invest almost $3 billion into green technology stocks next year, Chief Executive Officer Yngve Slyngstad signaled.

Starting Jan. 1, the $870 billion fund will accelerate investments in renewable energy, waste management and energy-storage companies, among others, Slyngstad said last week in an interview after giving a speech in Geneva. The shift will take place over a “shorter time frame,” he said.