Institutional Investors Support Increase in Solar Deployment
by Robert Kropp
The Green Infrastructure Investment Coalition, launched during the COP21 negotiations, now counts
over $60 trillion in assets under management supporting a trillion dollar investment in solar.
Sustainable institutional investors have always expressed their support for moving their
investments toward a low-carbon economy, but assert that conditions have prevented them from doing
so at the scale necessary to help mitigate climate change. In 2008, an interpretive bulletin of the
Department of Labor's Employee Retirement Investment Security Act (ERISA) strongly discouraged
economically targeted investments (ETIs) by pension plan fiduciaries, stating instead that
financial returns are the paramount fiduciary duty.
Furthermore, action by governments to
create regulatory regimes that support clean energy investments has yet to occur, a situation made
all the more transparent when one considers that government subsidies for the fossil fuel