The Role of Pension Funds in Financing Green Growth Initiatives

It is estimated that transitioning to a low-carbon, and climate resilient economy, and more broadly "greening growth? over the next 20 years to 2030 will require significant investment and consequently private sources of capital on a much larger scale than previously. With their USD 28 trillion...

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Bibliographic Details
Main Author: Della Croce, Raffaele
Other Authors: Kaminker, Christopher, Stewart, Fiona
Format: eBook
Language:English
Published: Paris OECD Publishing 2011
Series:OECD Working Papers on Finance, Insurance and Private Pensions
Subjects:
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Collection: OECD Books and Papers - Collection details see MPG.ReNa
Description
Summary:It is estimated that transitioning to a low-carbon, and climate resilient economy, and more broadly "greening growth? over the next 20 years to 2030 will require significant investment and consequently private sources of capital on a much larger scale than previously. With their USD 28 trillion in assets, pension funds - along with other institutional investors - potentially have an important role to play in financing such green growth initiatives.Green projects - particularly sustainable energy sources and clean technology - include multiple technologies, at different stages of maturity, and require different types of financing vehicle. Most pension funds are more interested in lower risk investments which provide a steady, inflation adjusted income stream - with green bonds consequently gaining interest as an asset class, particularly - though not only - with the SRI universe of institutional investors..
Physical Description:66 p. 21 x 29.7cm