CalSTRS to nearly triple clean energy, technology investment

Reuters    Translate This Article
19 September 2014

NEW YORK, Sept 19 (Reuters) - The California State Teachers' Retirement System pension fund plans to nearly triple its investments in clean energy and technology to $3.7 billion over the next five years in a push toward low-carbon investments, the fund said on Friday.

CalSTRS, the second-largest U.S. pension fund with more than $188 billion, currently has $1.4 billion invested in clean energy and technology. The fund estimated that its investments in the sector could grow in value to nearly $9.5 billion if the risk of carbon emissions becomes clearer to investors.

The public pension fund said the increase would apply to investments in stocks, bonds, private equity, and infrastructure. The fund has currently invested more than $500 million in the space through private equity and almost $200 million through infrastructure.

The fund said the move was in response to United Nations Secretary-General Ban Ki-moon's call to reduce carbon emissions and adapt to climate change ahead of a United Nations summit meeting on climate change on Sept. 23.

Clean or renewable sources of energy include wind or solar power that offer environmental benefits such as reducing greenhouse gases.

On Monday, the California Public Employees' Retirement System (Calpers), the largest U.S. pension fund with $300 billion, said it would pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated.

(Reporting by Sam Forgione; Editing by David Gregorio)

© Copyright 2014 Reuters

Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. 'Reuters' and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies. For additional information on other Reuters media services please visit reuters.com/newsagency .

Every day Global Good News documents the rise of a better quality of life dawning in the world from good news reported by the press; and highlights the need for introducing Natural Law based—Total Knowledge based—programmes to bring the support of Nature to every individual, raise the quality of life of every society, and create a lasting state of world peace.



Translation software is not perfect; however if you would like to try it, you can translate this page using:

(Google) Select a language English to Afrikaans English to Albanian English to Arabic English to Belarusian English to Bulgarian English to Catalan English to Chinese (Simplified) English to Chinese (Traditional) English to Croatian English to Czech English to Danish English to Dutch English to Estonian English to Filipino English to Finnish English to French English to Galician English to German English to Greek English to Hebrew English to Hindi English to Hungarian English to Icelandic English to Indonesian English to Irish English to Italian English to Japanese English to Korean English to Latvian English to Lithuanian English to Macedonian English to Malay English to Maltese English to Norwegian English to Persian English to Polish English to Portuguese English to Romanian English to Russian English to Serbian English to Slovak English to Slovenian English to Spanish English to Swahili English to Swedish English to Thai English to Turkish English to Ukrainian English to Vietnamese English to Welsh English to Yiddish

(Altavista babelfish) Select a languageEnglish to Chinese-simpEnglish to Chinese-tradEnglish to DutchEnglish to PortugueseEnglish to FrenchEnglish to GermanEnglish to GreekEnglish to ItalianEnglish to JapaneseEnglish to KoreanEnglish to RussianEnglish to Spanish

Send Good News to Global Good News.

Your comments.