UK, Nordic Pension Funds Commit $130 Billion to Clean Energy, Climate Investments by 2030
November 02 2021 - 6:02AM
Dow Jones News
By Dominic Chopping
The Climate Investment Coalition said Tuesday that at COP26 in
Glasgow a group of Nordic and U.K. pension funds collectively
committed $130 billion to be invested in clean energy and climate
investments by 2030.
The Climate Investment Coalition--established by the Government
of Denmark, Insurance & Pension Denmark, the Institutional
Investors Group on Climate Change and World Climate
Foundation--said that as part of this commitment, pension funds
will report annually on the progress of their climate
investments.
"Governments have to do their part and commit to a new green
future. But we also need private investors on board," Danish Prime
Minister Mette Frederiksen said in a statement.
The move builds on a 2019 commitment by Danish pension funds to
invest $55 billion in the green transition by 2030, she added.
The commitments comprise investments in listed and unlisted
equity investments, green energy infrastructure in the OECD and
emerging markets, green bonds and debt, climate-friendly
investments in properties, among others.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
November 02, 2021 06:47 ET (10:47 GMT)
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