Oil shock opens pension fund checkbooks for Europe’s climate – er, ‘energy security’ – fund managers
While the conflict with Iran has choked off the flow of oil through the Strait of Hormuz, it has opened the tap from European pension funds and other investors looking to capitalize on increased urgency around the continent’s energy security.
Clean energy and other infrastructure project developers, along with climate tech fund managers, are finding a suddenly more welcoming reception from institutional investors in Europe, even as dealmaking in the Middle East itself has stalled (see, “Middle East sovereign wealth financed massive green investments. Now what?”)
European pension funds have long invested in offshore wind and solar for their green credentials. Geopolitical volatility – from the war in Ukraine to the escalating conflict in the Middle East – means they can now claim vindication
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