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$540b invested in climate funds at end of 2023; U.S. lagging Europe significantly
Research - APRIL 23, 2024

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$540b invested in climate funds at end of 2023; U.S. lagging Europe significantly

by Lewis Dayton

As of December 2023, there were more than 1,500 mutual funds and ETFs with a climate-related mandate, a significant jump from the fewer than 200 that existed in 2018, according to research from Morningstar.

At the end of 2023, $540 billion was invested in climate funds, with the strongest appetite coming from Europe, Hortense Bioy writes. Europe accounts for 84 percent of global climate fund assets, comprising 875 climate funds. Assets in Europe-domiciled funds with a climate-related strategy increased by 20 percent last year, rising to $453 billion; in the United States, such funds increased by just 0.6 percent, to $31.9 billion.

Globally, there was $1.1 trillion invested in the clean-energy transition and related investments in 2023. That has to rise to $4 trillion annually by 2030 if we are to reach net-zero emissions by 2050, according to the International Energy

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