The Role of Pension Funds in Financing Green Growth Initiatives

Raffaele Della Croce, Christopher Kaminker and Fiona Stewart
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Raffaele Della Croce: OECD
Christopher Kaminker: OECD
Fiona Stewart: OECD

No 10, OECD Working Papers on Finance, Insurance and Private Pensions from OECD Publishing

Abstract: 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...

Keywords: green bonds; green growth; infrastructure; pension fund (search for similar items in EconPapers)
JEL-codes: G15 G18 G23 G28 J26 (search for similar items in EconPapers)
Date: 2011-09-01
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (37)

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