jobs in the portfolio companies
expected annual CO2e emissions avoided
IRR in 2024 (investment currency)
Writing this in the early months of 2025 and looking back at 2024, I can’t help but feel that although the past year had its hurdles, we are now facing an even rockier path. Several countries have reduced their aid budgets significantly, and investors are pulling back from their commitments to the energy transition. We are also seeing trade wars hampering growth. Facing these developments, our mission may grow more challenging, but not less important
Norfund prioritizes investments in four investment areas that are aligned with the UN’s Sustainable Development Goals.
The Climate Investment Fund managed by Norfund became operational in 2022. The fund is Norway’s most important tool in accelerating the global energy transition by investing in renewable energy in developing countries with large emissions from coal and other fossil power production.
Read more
