Most SWFs have a mandate to preserve and transfer wealth to future generations. Therefore, green investments make sense to them from an asset-liability perspective, since the risks associated with climate change can be seen as a potential liability to nation States (Bolton, Guesnerie and Samama, 2010). These include traditional forms of risk-sharing, such as public-private partnerships, as well as more innovative mechanisms, such as equity-linked financing, rural funds and national green long-horizon funds.