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Norway's $950 billion wealth fund commissions research on climate change
May 26, 2017 / 7:01 AM / 6 months ago

Norway's $950 billion wealth fund commissions research on climate change

OSLO (Reuters) - The research arm of Norway’s sovereign wealth fund has awarded grants for two projects on how climate change affects the economy and capital markets, it said on Friday.

FILE PHOTO: Melting ice shows through at a cliff face at Landsend, on the coast of Cape Denison, Antarctica January 2, 2010. REUTERS/Pauline Askin/File Photo

The studies will be carried out at Columbia University and New York University, it added.

Norway’s sovereign wealth fund, the world’s largest with assets of $950 billion, has been built with revenues from the country’s oil and gas industry.

Reporting by Terje Solsvik, editing by Camilla Knudsen

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