New York Pension Commits $400 Million to Renewable Energy Funds

New York state’s $247.7 billion pension is investing a combined $400 million in two funds focused on renewable assets such as solar and wind as part of its $20 billion sustainable investments program, state Comptroller Thomas DiNapoli said in a news release.

• Pension committed about $300m to Copenhagen Infrastructure Partners IV and $100m to Excelsior Renewable Energy Investment Fund I
• “While climate change poses investment risks, it also creates opportunities for the state pension fund to invest in the companies and funds that are best positioned for the low-carbon future”: DiNapoli
• New York’s pension set goal to move its portfolio ...