Norway’s hybrid financing model for a new NOK 10b climate fund

Business July 08, 2021 / By: Bjørn H Amland

Norway has adopted a hybrid financing model for a new NOK 10 billion renewable energy fund for emerging economies. The model combines aid, profit from Norfund’s aid-funded investments and additional capital from outside the development budget. Norway calls this “additional” climate funding, but how additional is it? The jury is out.

Scatec Upington power plant in South Africa Photo Scatec.jpg

If you are new to Development Today and would like to continue reading this article, send us a mail at subscribers@devtoday.no, including your name, title, organisation, and email contact, and you will receive a free Guest Pass, along with weekly updates.

Norway’s hybrid financing model for a new NOK 10b climate fund

Tags: