CalSTRS to boost clean energy, tech investment

The California State Teachers’ Retirement System (CalSTRS) is planning to increase clean energy and technology investments from $1.4 billion to $3.7 billion over the next five years in an effort to increase low-carbon investments.

The more than 150 percent increase will come from clean energy and technology investment holdings in the public equity, private equity, fixed income and infrastructure portfolios as suitable investments become available, the system said in a statement.

CalSTRS hopes its commitment will demonstrate solidarity for incentives that lead to the development of public policy on climate change.

CalSTRS’ private equity portfolio holds more than $500 million in investments in solar and wind energy projects in the US and Europe. Within its infrastructure portfolio, CalSTRS has invested almost $200 million in solar, wind and hydro energy generation and transmission assets located in Brazil, Chile, United Kingdom, and in Europe and North America.

CalSTRS is a member of Ceres’ Investor Network on Climate Risk, and is a signatory of a global investor statement, announced yesterday, along with 346 other international investors managing $24 trillion in assets. The statement calls for worldwide climate polices to accelerate clean energy investment.

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