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Matthias Knab, Opalesque: The California Public Employees' Retirement System (CalPERS), the largest defined-benefit public pension in the US with 2.4 million members, said its investments in climate solutions reached USD71bn as of June 30, 2026. That is USD11bn more than a year earlier and USD24bn above where the strategy started when it launched in November 2023.
CEO Marcie Frost said the steady growth keeps CalPERS on course for its goal of investing USD100bn in climate solutions by 2030 under its Climate Action Plan, which aims to capture investment opportunities created by the shift to a low-carbon economy while funding the pension benefits members have earned.
CIO Stephen Gilmore pointed to the scale of global capital flowing into the space, with USD2.3tn invested in energy transition and clean technology projects in 2025. He argued that renewable energy is now cleaner, cheaper and quicker to bring to market than conventional power, and that CalPERS is supplying capital to meet that demand.
What is in the portfolio
The climate solutions bucket includes investments that expand electricity generation, improve power grid efficiency and support utilities moving away from fossil fuels toward renewables. It also covers investments that reduce the risks that pollution and rising temperatures pose to the health of the fund as a whole. CalPERS sa...................... To view our full article Click here
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