NORGES BANK AND CLIMATE RISK

Given the uncertainty about the timing and magnitude of the consequences of climate change, Norges Bank addresses climate-related risks and opportunities through its investment

To ensure that the agreements Norges Bank enters into with participants in NBO comply with applicable laws and regulations, and that Norges Bank’s interests are adequately addressed,

“Climate risk and the Government Pension Fund Global” and “Impact of Norges Bank’s physical operations on the climate and the environment” under the chapter Climate change and

The return on the portfolio, after management costs reimbursed to Norges Bank have been deducted, is transferred in its entirety to the krone account and thus does not affect

To ensure that the agreements Norges Bank enters into with participants in NBO comply with applicable laws and regulations, and that Norges Bank’s interests are adequately

We conclude that, even in retrospect knowing what we know now and knowing much more about subsequent developments than did Norges Bank at the time, that the stance of

If for instance the consideration of guarding against the risk of future financial imbalances that may disturb activity and inflation somewhat further ahead should suggest

In its March 2012 issue of the Monetary Policy Report, Norges Bank shows the effect of the changes in the loss function, which presumably captures the concern for