Sovereign Wealth Funds Invest In Climate Technology, Renewables
Solar farm in Brazil.
Photographer: Jonne Roriz/BloombergThis article is for subscribers only.
Sovereign wealth funds are upping their investments in the energy transition.
The custodians of national wealth invested $2.3 billion in 2020 in sectors important to combating climate change, including forestry, renewable energy and so-called agritech, according to a report published Tuesday by the International Forum of Sovereign Wealth Funds, a network of sovereign funds from Abu Dhabi to Singapore. That’s more than double the $1.1 billion invested in 2019, IFSWF data show.