Suffolk’s pension pot – the choice Carbon bubble will burst Local futures

Environment Agency Pension Fund (part of LGPS) Invest 15% of the fund in low carbon, energy efficient and other climate mitigation opportunities. From 2015-2020 Exposure to coal cut 90% Oil and gas cut 50%

Environment Agency - Doing something positive Actively shaping a sustainable future A smooth transition to a low carbon economy. Not to do so would be a breach of our legal duty to act in the best, long term interests of our members. Dawn Turner

Some examples of Green pension investments Renewables – community and otherwise - Social housing/eco housing Municipal power companies Public transport

Community Renewables Westmill Solar. In 2013 Lancashire pension fund invested £12million alongside hundreds of local people for an 11% yearly return Trevor Castledine investment strategist for the Lancashire County Pension Fund “This investment was superior in financial terms to the traditional high-carbon investments.“ “We would definitely encourage other pension funds to consider similar community energy projects in the future.” Strathclyde pension - £10m

Big renewables - East Anglia One Scottish Power looking for investors Big benefits for employment in ports of Lowestoft and Yarmouth

A Municipal Power Company for Suffolk? Nottingham and Bristol both pushing ahead Suffolk could do the same – with help from pension fund

Social housing and passiv housing Pension investments snowballing Islington - £150m Greater Manchester £20m Greater London joined scheme - £500m Norwich Passivhaus 112 homes

That future needs to be green. Council pensions funds invest not only for the future of their employees but for the future of their citizens That future needs to be green.