Former World Bank Chief Economists Justin Yifu Lin, Alan Gelb and I argue that the June 2023 Paris Development Finance Summit missed a crucial element: To mobilise private capital at a scale significant to climate change, multilateral development banks need to find ways to work much more closely with pension funds and other institutional investors Read more about What the Paris Development Finance Summit Missed. Project Syndicate[…]

Jessica Lovering and I argue that to accelerate the energy transition and counter Russia’s influence in emerging countries, development banks must start financing nuclear energy.

Marcin Kacperczyk and I argue that the fund’s climate-related mandate leaves responsibility for the green transition with portfolio companies. The Norwegian government and parliament (Storting) need to set a portfolio level net zero target for the fund, as well as for the benchmark index.

This is henceforth the reference work on strategic investments funds! I started working out the concept for this book in November 2015, at my kitchen table on weekends, since there was initially no funding for it. Great to see it finally published! Check it out!   

Jan Rieländer, Rüya Perincek and I argue that biofuels and high fertiliser prices must not be allowed to lead to a hunger catastrophe.  

Government white paper places responsibility for net zero transition with portfolio companies

Christiana Figueres, Knut Anton Mork, and I argue that Norway should lead a global coalition of sovereign funds towards Net Zero commitments, at COP26.

With Günther Thallinger: Much of the global financial sector is mobilizing behind mid-century net-zero emissions targets, recognizing the opportunities that will come with the transition to a low-carbon economy. The longer that sovereign funds remain on the sidelines, the more they and their countries stand to lose.

Congrats to Global SWF for undertaking this analysis, cited by Reuters, and to Norwegian NGO Future in Our Hands for funding it. Happy to have provided the initial idea, and connected the two organisations. Also cited by the Norwegian press. Time to sign up the Fund for the Net Zero Asset Owner Alliance!

Diego López and I argue that Norway should sign up its sovereign fund for the Net Zero Asset Owner Alliance, at COP26. The fund’s total portfolio carbon emissions are twice the amount of Norway’s total emissions. Country-level measurement of greenhouse gas emissions, which is standard under international agreements, therefore understates Norway’s climate impact, and the Read more about New Zealand sets climate benchmark for Norway. OMFIF[…]