Executive Order N-19-19: California Creates Framework to Invest Pension Funds in Green Industries

September 20, 2019

Summary

Executive Order N-19-19 was issued in September 2019 and creates a Climate Investment Framework to invest California's pension funds in carbon-neutral, climate resilient, and clean energy companies, technologies, and industries. It directs the state Transportation Agency to allocate resources aimed at reducing greenhouse gas emissions in the transportation sector. Specifically, the order mandates investment in transportation options like walking, biking, and public transit.

It also suggests building housing near available jobs to reduce commute times. The order also directs the Department of General Services to reduce the government's greenhouse gas emissions from its fleet and buildings. Specifically, the order mandates reducing diesel fuel vehicles, purchasing sustainable goods, and managing energy demand to optimize the energy grid.

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