CleanTechnica•about 1 month ago
Sierra Club Urges CalPERS to Better Define What the Pension Considers ‘Climate Solutions’ Investments
Key Takeaway
The evolving definition of 'climate solutions' by major institutional investors like CalPERS will significantly influence capital allocation and project viability for energy developers and large power consumers.
AI Summary
- •CalPERS, a significant institutional investor, is being pressed by the Sierra Club to provide a clearer definition of what constitutes a 'climate solution' for its investment portfolio.
- •This advocacy could influence the types of renewable energy and decarbonization projects that qualify for major institutional funding, impacting capital availability for developers and IPPs.
- •A more stringent or specific definition of 'climate solutions' by CalPERS may redirect substantial capital towards particular technologies or project types, affecting market development and project financing costs.
- •The ongoing discussion highlights a growing trend of increased scrutiny and demand for transparency in ESG (Environmental, Social, Governance) investment criteria from major financial institutions.
Topics
emissionsfinancingpolicy
Article Content
Local leaders testify, deliver petition at board meeting as pension gives update on its Climate Act. SACRAMENTO, CA — The Sierra Club’s California Chapter testified at the November board meeting of the California Public Employees’ Retirement System (CalPERS), calling on the pension to better define what it considers “climate solutions” ... [continued] The post Sierra Club Urges CalPERS to Better Define What the Pension Considers ‘Climate Solutions’ Investments appeared first on CleanTechnica .