Nordic Countries Back Institutional Investments in Green Recovery

On October 28, Nordic Prime Ministers announced their intention to encourage institutional investors to scale up green finance and investments. In a joint declaration, the Prime Ministers underlined that Nordic countries could and should take the lead on green recovery, pointed to the urgency of mobilizing private green investments, and stressed the interdependency of the public and private sectors in meeting climate goals.

In addition to the USD 50 billion already committed by the Danish pension fund in 2019, new commitments for green investments will be collected from other Nordic institutional investors in Finland, Iceland, Norway, Sweden, the Faroe Islands, Greenland, and Åland. These commitments will then be shared during COP 26 in Glasgow in November 2021 to support stronger climate action.