New York City Comptroller Mark Levine has put forth a plan to direct $5 billion from three of the city’s public pension plans to climate investments in private markets.
“As the climate crisis places a growing strain on our infrastructure and the broader economy, investing in cleaner, more reliable and resilient energy that can lower costs and reduce emissions at the same time is an essential part of our prudent long-term investment strategy,” Levine said in a statement.