Sovereign wealth funds play limited role in climate finance – OECD – ZAWYA

Sovereign wealth funds play limited role in climate finance – OECD – ZAWYA

Sovereign wealth funds play limited role in climate finance - OECD Sovereign wealth funds play limited role in climate finance - OECD | ZAWYA MENA Edition HomeWealthWealth ManagementArticleSovereign wealth funds play limited role in climate finance - OECD Sovereign funds have total assets valued at around $8.2trln    Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration taken January 6, 2020. LONDON- Sovereign wealth funds have the potential to play an integral role in the transition to a low-carbon economy, but they have so far made little use of their financial muscle, the OECD Development Centre wrote in a report.Sovereign funds have total assets valued at around $8.2 trillion and hold about 8% of all listed global equities.But sovereign fund initiatives to address climate impact remain largely "aspirational" and only a minority systematically address climate risk in their portfolios, the Organisation for Economic Cooperation and Development (OECD) Development Centre said in the report.Sovereign funds have total assets valued at around $8.2 trillion and hold about 8% of all listed global equities.LONDON- Sovereign wealth funds have the potential to play an integral role in the transition to a low-carbon economy, but they