Bank of Finland invests in BIS green fund
Central bank invests $300 million in fund supporting renewables and energy efficiency
The Bank of Finland has invested $300 million in the Bank for International Settlements’ (BIS) green bond fund.
The BIS fund supports projects fostering renewable energies, energy efficiency and the European Union’s overall climate goals. The European Central Bank has invested in a similar BIS fund, denominated in euros.
“The changes brought by a warming climate generate risks that could alter the value of investments,” the Bank of Finland said in a statement on June 4. “On the other hand
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