Connecticut Retirement Plans and Trust Funds (CRPTF) is considering a $125 million investment in the Climate Adaptive Infrastructure Fund, Connecticut State Treasurer Shawn Wooden announced on Dec. 8.
The investment would enable the CRPTF to gain exposure to low-carbon infrastructure investments in energy, water and transportation, primarily in the United States and Canada.
“Climate change is one of the largest systemic risks facing the economy and financial markets,” said Wooden. “A commitment to the Climate Adaptive Infrastructure Fund would allow our state to invest in low-carbon infrastructure projects to help confront the physical risks and economic pressures of the climate crisis.”
He added, “Investing in clean energy is part of our long-term investment strategy and will help position our fund, environment, and economy to be on a sustainable path.”