Highlights

• CalPERS climate solutions investments reached $59.7 billion as of June 2025.
• Funding spans renewable energy, energy management software, battery storage, and EV charging networks.
• Real estate and public equity form the largest share of climate-linked holdings.

The pension fund CalPERS has moved its climate solutions investments close to $60 billion as of June 30, 2025.

This amount relates to the Climate Action Plan, launched in November 2023, which targets $100 billion in climate-related investments.

The plan operates on the idea that the global economy is adjusting toward low-carbon energy and that long-term pension performance can grow through finance directed into this area. It connects financial performance with climate resilience by directing capital into areas such as energy efficiency, adaptation, and real-world greenhouse gas reduction.

Read More: €70M Rubio Fund III Backs Climate and Social Solutions

The total of $59.7 billion has risen from about $47 billion at the plan’s launch. The growth comes from increases in the value of earlier assets and from new financing activity involving climate solutions.

A range of private market funds have received commitments under this plan, and they operate in sectors such as renewable energy, energy optimisation software, drought-resistant agriculture, wildfire reduction technologies, electric vehicle charging networks, reusable packaging systems, and battery storage.

Some examples include TPG Rise Climate, West Street Climate Credit, Generation IM Sustainable Private Equity Fund II, B Capital Climate Fund I, Copenhagen Infrastructure Partners V, and Brookfield Global Transition Fund II-B.

Within the overall portfolio, real estate and public equity form the largest share of climate-related holdings.

Also Read: Victoria Invests $75M in Climate-Tech and Female-Led Startups

According to CalPERS’ leadership, global energy demand continues to rise, as power is needed for homes, transport systems, and the development of technology, including artificial intelligence.

Investment capital from CalPERS positions the fund to meet these long-term market pressures, with the intention that retirement beneficiaries gain results as the low-carbon economy expands.

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Source: CalPERS