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.
ASSET CLASS
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Infrastructure - Green energy
GREEN DIMENSIONS
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Energy production - Solar
CONTACT
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VALUE IN US DOLLARS
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USD 320 million (CIP III commitment)
EXPECTED MATURITY
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30 years
LINKS
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Read more of the
GEOGRAPHIC LOCATION
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North America (Texas)
FORM OF FUNDING
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CIP III
CIP III (PensionDenmark has a 15,4% share in CIP III). Through CIP III, Pension Denmark owns 7,8% of the project.
Senior executives from the energy industry in cooperation with PensionDanmark founded CIP in 2012.
PARTNERS
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Misae Solar Park - PensionDenmark
The Misae Solar Park is a 240MW project, located approximately six miles east of the city of Childress, Texas. It will supply 60,000 homes with green energy and will avoid the emission of 440,000 tons of CO2 into the atmosphere.