Part of the debate – in the Senedd at 3:18 pm on 25 May 2022.
Diolch yn fawr, Deputy Presiding Officer.
Ideas often have their moment, a moment when the evidence for action becomes overwhelming. Dedicated campaigners have chipped away for years on pension fund disinvestment; it is now time for Governments across the globe to join the fight. I believe it's also time for Wales to take centre stage and lead the world on ending public sector pension fund investment in fossil fuels, and in so doing, igniting a new era of investment in the future of our planet, sustainable energy, and transport.
As many of my colleagues know, I have been working with Friends of the Earth Cymru for some time now on the campaign that is the subject of today's motion: for the Welsh Government to bring in targets for public sector pension fund disinvestment. The motion calls on the Welsh Government to mirror its 2030 target for the public sector to go carbon neutral with a target for public sector pension funds to achieve the same. This would mean that the public sector and its investments would be genuinely carbon neutral by 2030.