Former Swedish pension CEO backs new multibillion endowment fund supporting green revolution

A group of investors plan to launch a climate endowment in the fall, targeting EUR 20-40 billion of assets under management. The aim is to enable institutional investors to allocate more capital in renewable energy and other illiquid assets promoting the transition to a low carbon future.

BY SØREN RATHLOU TOP, AMWATCH

A group of international investors have announced the launch of the Climate Endowment, targeting European institutions. The ambition is to see inflow from both the public and private sector in order to achieve a size of EUR 20-40 billion of assets under management, according to a press statement.

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