• 6 major wealth funds agree to encourage greener economy

    2 monthes ago - By Chron

    PARIS - The sovereign wealth funds of major oil-producing countries have agreed upon a common roadmap to encourage investments toward a greener economy.
    The six funds from Norway, United Arab Emirates, Saudi Arabia, Qatar, Kuwait and New Zealand released a joint framework Friday to encourage investors to take climate-related risks into consideration when investing. They also want to improve businesses' transparency on their strategies toward establishing low-carbon economic growth.
    The funds hope to send a signal that will impact the international financial system. Altogether, they are...
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