" New York City’s pension funds have announced a new goal to double the investments of the NYC Funds in climate change solutions to $4 billion or 2% of the City’s $195 billion pension portfolio over the next 3 years. In order to accomplish this objective, City pension systems will aim to double the existing $2 billion investment across all asset classes to reach $4 billion of investment in renewable energy, energy efficiency, and other climate solutions. This new target builds upon the funds earlier, ongoing goal to divest City pension funds from fossil fuel reserve owners within five years. "
Read the full article at https://www.globalclimateactionsummit.org/mayor-and-comptroller-announce-pension-fund-goal-to-invest-4-billion-in-climate-change-solutions-by-2021/
