Pension fund investment in EU renewables will be essential: EU climate commissioner.

The EU renewables targets will require 1.5% of GNP invested each year to 2050, totalling €270bn over 40 years, or €6.75 per year,writes Connie Hedegaard, EU Commissioner for climate action, with the CEO of PensionDenmark. Pension fund investment will be essential, and it is starting in Denmark at least. PensionDanmark and Dong Energy invested in Nysted Wind Farm in 2010, and now re investing in the future Anholt wind farm.