Pension Funds Ask UK for New Debt Rules to Spur Green Investment
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Pension funds are asking the UK government to revamp rules determining how public debt is measured, to encourage more investment in green industries.
Britain should come up with a new definition of public sector net debt, so that it for the first time takes into account the net worth of illiquid infrastructure investments, according to a statement published on Wednesday by IFM Investors, which represents a group of UK and Australian pension funds holding £1.7 trillion ($2.2 trillion) in combined assets.