Connecticut state treasurer Shawn Wooden has finalized the previously announced $125 million commitment to the Climate Adaptive Infrastructure (CAI) Fund, on behalf of Connecticut Retirement Plans and Trust Funds’ (CRPTF) real assets allocation.
CAI funds large-scale, low-carbon infrastructure investments that can withstand the structural risks and economic pressures of the climate crisis, according to CAI’s website. These investments provide CAI and its funding partners a viable hedge against climate losses.
This commitment will give the CRPTF exposure to low-carbon infrastructure investments in energy, water and transportation, located primarily in the United States and Canada.
This was part of multiple investment decisions announced by Wooden on Jan. 13, representing more than $800 million in additional commitments on behalf of CRPTF.
“An investment into the Cli