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Gwladys - 1 Carine Smith Ihenacho - 1 Terje Solsvik - 1 Essi - 1
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Norwegian Oslo Norway OSLO
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☆ Norway wealth fund tells companies to plan for climate transition
  + stars: | 2023-09-15 | by ( ) www.reuters.com   time to read: +1 min
A general view of the Norwegian central bank, where Norway's sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. The fund also published a policy concerning the use of voluntary carbon credits, which it said companies could use in certain cases. "We believe companies should prioritise reducing own emissions but can use additional and verified credits as a supplement to signal high climate ambitions," it said. Carbon credits should not be counted towards science-based interim emission reduction targets, and companies must be transparent about the details of credits they use, it added. "Ultimately, carbon removals will be needed by many companies seeking to achieve net zero emissions by 2050," the fund said.
Persons: Gwladys, Carine Smith Ihenacho, Terje Solsvik, Essi Organizations: REUTERS, Companies Norges Bank, Thomson Locations: Norwegian, Oslo, Norway, OSLO
☆ Norway central bank makes smaller rate hike, will raise again next month
  + stars: | 2022-11-03 | by ( Victoria Klesty Gwladys Fouche | Victoria Klesty | Gwladys Fouche | ) www.reuters.com   time to read: +2 min
"We are raising the policy rate to curb inflation," Governor Ida Wolden Bache said in a statement. The future policy rate path will depend on how the economy evolves." The hike of 25 basis points meant that Norges Bank was sticking to its plan, Nordea Markets said. "A hike by 25 basis points in December is the most likely outcome too. That said, we cannot totally exclude the probability for a 50 basis points hike," its analysts said in a note to clients.
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