President Panuelo Signs Public Law Amending & Strengthening the FSM Trust Fund; The Trust Fund is Now Mandated to Address Climate Change, Focus on Renewable & Green Energy, Thereby Aligning the FSM’s Sovereign Fund with our Environmental Values of Green & Low Carbon Investment

PALIKIR, Pohnpei—On June 1 , 2021, His Excellency David W. Panuelo—President of theFederated States of Micronesia (FSM)—signed Public Law No. 22-06, which amends the FSM Trust Fund Act to recognize the existential threat of Climate Change, and mandate that the investments made in the Trust Fund follow a sustainable investment...