The Role of Pension Funds in Financing Green Growth Initiatives

Raffaele Della Crocei ; Christopher Kaminkeri ; Fiona Stewarti iOECD

Organisation for Economic Co-operation and Development

关键词: infrastructure;    green bonds;    pension fund;    green growth;   

DOI  :  https://doi.org/10.1787/5kg58j1lwdjd-en

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

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...