A new key biodiversity platform for cross sectoral collaboration
For its inaugural launch, World Biodiversity Summit will help define what world leaders and the private sector in biodiversity and climate action need to do in the medium and long term to achieve sustainable development and hinder further biodiversity loss, focusing on partnerships and investment mechanisms as levers of progress. World Biodiversity Summit is a platform for responding to accelerating biodiversity loss, by using the Paris Agreement as a framework to learn from, promoting relevant solutions, innovations, and leadership networks, strengthening nature restoration and conservation. Nature-based solutions will be highlighted, from specificecosystems to global possibilities.
First year tracking of the Danish pension fund commitment towards USD50 billion in green investments by 2030
Insurance & Pension Denmark CEO, Ken Damsgaard reported that Danish pension funds have invested $8 billion in green projects since the 2019 Climate Action Summit in New York. This far exceeds earlier expectations and could lead to Danish pension funds reaching their $50 billion green investment target three years ahead of schedule.
Beatrice Offshore - PensionDenmark
As well as being Scotland's largest offshore wind farm Beatrice is also the fourth largest in the world and is capable of providing enough wind powered electricity for up to 450,000 homes. Located approximately 13km from the Caithness coast, Beatrice became fully operational in June 2019 following seven years of development and three years of construction. Onshore construction began in Moray in May 2016 and offshore construction began in April 2017. The first wind turbine was installed and first power exported in July 2018. The final turbine was installed on 14 May 2019. Beatrice is operated and maintained from its base at Wick Harbour on the north east coast of Scotland.
Infrastructure - Green energy
Energy production - Wind
VALUE IN US DOLLARS
USD 272 billion
FORM OF FUNDING
Investment through CIP in both Equity and Debt.
CIP I/II owns 35 pct. of the project. PensionDanmark owns approx. 20 pct. of the project.
Senior executives from the energy industry in cooperation with PensionDanmark founded CIP in 2012.