Sovereign wealth funds, state investment vehicles that collectively have over tn in assets under management, appear obvious candidates to spearhead investment into climate-friendly assets. Most have long-term investment horizons, and all work in the interests of nation states that would need to spend big to mitigate the impact of global warming. Some recognise this. Norges Bank Investment Management, or NBIM, which somewhat ironically derives its wealth from Norway’s vast oil supplies and which is touted as the world’s largest sovereign wealth fund, has made ESG goals a core part of its investment strategy. Increasingly it pays to go green. Global SWF, a data platform that tracks over 400 sovereign wealth funds and public pension funds, notes in a report out earlier
FT Alphaville considers the following as important:
This could be interesting, too:
John H. Cochrane writes GoodFellows interview with Ayaan Hrsi Ali
Martin Chorzempa, Tianlei Huang writes Lessons from East Asia and Pacific on taming the pandemic
Global Economic Intersection Analysis Blog Feed writes Radically Progressive Degrowth: Reducing Resource Use By Eliminating Inequality
John H. Cochrane writes What about work or starve?
Sovereign wealth funds, state investment vehicles that collectively have...