Climate Investment Fund could be expanded ‘with little administrative cost.’ Project revaluation propels returns

Norfund’s Climate Investment Fund reports returns last year of a staggering 24 per cent, partly driven by one investment which was written up in value following a third-party offer. Tellef Thorleifsson, Norfund’s CEO, says the two-year-old renewable energy fund could be expanded with a modest increase in the number of staff. (Updated)