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The Role of Pension Funds in Financing Green Growth Initiatives

Author

Listed:
  • Raffaele Della Croce

    (OECD)

  • Christopher Kaminker

    (OECD)

  • Fiona Stewart

    (OECD)

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...

Suggested Citation

  • Raffaele Della Croce & Christopher Kaminker & Fiona Stewart, 2011. "The Role of Pension Funds in Financing Green Growth Initiatives," OECD Working Papers on Finance, Insurance and Private Pensions 10, OECD Publishing.
    • Handle: RePEc:oec:dafaad:10-en
    DOI: 10.1787/5kg58j1lwdjd-en
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    More about this item

    Keywords

    green bonds; green growth; infrastructure; pension fund;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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