Norfund announces new head for Climate Investment Fund

Norfund CEO Tellef Thorleifsson has announced that Bjørnar Baugerud, a senior vice president at Norfund, will now head up the Climate Investment Fund.

Baugerud will be the first head of the Climate Investment Fund, which became operational in 2022.

Through the fund, Norfund has already put over 2 billion NOK ($187 million) to work, investing in renewable energy in developing countries with large emissions from coal and other fossil power production.

“None in the world is better qualified for this position than Bjørnar,” says Thorleifsson. “Having a designated responsible head will facilitate our important work in accelerating the global energy transition.”

Baugerud will also continue in his role as senior vice president in the renewable energy investment department.

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