NYC public pension funds will commit $50 billion in renewable energy by 2035, de Blasio says

Mayor Bill de Blasio along with trustees of three of the city’s pension funds announced a commitment Thursday to achieve net zero greenhouse gas emissions in their investment portfolios by 2040. 

The goal is to double investments in climate change solutions like renewable energy and green real estate to over $8 billion by 2025 and reach over $37 billion in climate solution investments by 2035 across the three funds. In total, the mayor hopes to achieve $50 billion in total pension fund investments in climate solutions by 2035. 

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