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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Indonesia plans $1 bln Green Fund to battle climate change

Posted on 26 January 2010

From Businessweek.com: Indonesia, which aims to cut heat- trapping gas emissions by 26 percent by 2020, plans to set up a $1 billion fund to invest in renewable energy projects and water treatment to address the effects of climate change.
The Government Investment Unit, the sovereign wealth fund, will contribute $100 million to the Indonesia Green Investment Fund, which it will oversee, Edward Gustely, a senior adviser at the Ministry of Finance in Jakarta, said.
The fund, which will be set up this year, will raise the remaining $900 million from governments that have expressed interest in investing in it and institutional investors, he said………………….Full Article: Source

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