The Norwegian Government has given Norfund the responsibility of managing the new Climate Investment Fund, according to Tellef Thorleifsson, CEO of Norfund.

The Norwegian government plans to allocate NOK 10 billion (about $1.1 billion) over five years to a new fund that will invest in renewable energy in developing countries with the aim of contributing to reduced greenhouse gas emissions. One billion NOK (about $113.8 million) from Norfund’s capital and one billion NOK from the stat...