Institutional Investors Surpass $1 B Clean Technology Investment Goal

The Investor Network on Climate Risk (INCR) announced its members have allocated more than $1 billion of their assets to clean technology ventures over the past 18 months, including renewable energy resources, hydrogen fuels cells, and other next generation technologies.

The company announced the figures at the Cleantech Venture Forum XI in New York. The Cleantech Venture Network forecasts that cleantech venture capital investment opportunities for major institutional investors globally through 2009 are estimated at $17 billion, with $10 billion in North America, $5 billion in Europe and $2 billion for the rest of the world. Cleantech Venture Network research has also shown that for every $100 million invested into venture-backed companies, 2,700 new jobs are created and the overall economy receives a 5x positive impact in related economic growth. The amounts of funds dedicated to renewable energy are: — The CalPERS board has $500 million invested in environmentally screened stock portfolios in the U.S. and overseas. An additional $200 million has been targeted for private equity stakes in environmental technology ventures in energy-efficient materials, photovoltaics and other renewable energy technologies. — CalSTRS has made $188 million of clean sector investments, including about $150 million in renewable energy projects in Europe and the U.S. — The New York State Common Retirement Fund has made a $30 million commitment to the Carlyle/Riverstone Renewable Energy Infrastructure Fund I. The fund has raised $600 million to invest in renewable energy projects, including hydroelectric plants, wind systems, geothermal and biomass facilities. Oregon State Treasurer’s Office: $50 Million: alternative energy technology holdings and companies. — Pennsylvania State Treasurer Robert Casey Jr. announced a new $90 million green investment strategy. “Clean technology investing is smart money for the long term,” said Randall Edwards, Oregon State Treasurer. “When you invest in clean technology, it is first an investment for financial return, and it is also an investment in energy independence and an installment in our human responsibility to leave this world in a better condition than we found it.”

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