The largest pension fund in Taiwan is looking to initiate a $2.3 billion (£1.7bn) climate change pension mandate, to encourage more green investment.

The Bureau of Labor Funds currently has just under $200 billion (£147bn) worth of assets, with global asset managers including BlackRock and Fidelity Investments.

Deputy Director General of the fund Liu Liju said: “Climate change is an ongoing process no one can ignore. We have seen many making commitments by words, we are putting money where our mouth is.”