Addressing climate change requires investment in a wide range of solutions, from scaling existing renewable energy technology to identifying and supporting early stage innovation for the next wave of technological breakthroughs. However, the current state of climate finance does not reflect this broad-based need, leaving critical gaps in the fight against climate change. To explore these gaps, the Climate Solutions Collaborative hosted a webinar discussion on Monday, February 12th featuring Scott Burger, of PRIME Coalition and Liqian Ma, Managing Director at Cambridge Associates, authors of the recently published Stanford Social Innovation Review article "The Investment Gap that Threatens the Planet." Alicia Sieger, Managing Director, Precourt Institute Clean Energy Finance Initiative, Stanford University set the stage for the discussion and served as moderator.
The introduction of 2 ̊C Scenario Analysis follows the publication of climate risk disclosure recommendations by the Financial Stability Board’s (FSB) Task Force on Climate-related Financial Disclosures (TCFD) in 2017. The TCFD recommends that companies conduct regular climate-related scenario analyses, including a scenario that limits global warming to 2 ̊C. The app includes various indicators for select listed oil and gas companies, that users can incorporate into their assessments of resilience under carbon constrained scenarios.
The Climate Solutions Collaborative draws your attention to a great read from PRIME Coalition and Cambridge Associates in the Stanford Social Innovation Review around the critical gaps in climate solutions funding. The piece highlights the need for new solutions, current gaps in the landscape, and approaches for addressing those gaps.
Confluence draws your attention to the latest major and impressive report from the IFC, a public report partner on the Investing in a Time of Climate Change study. The report points to trillions of dollars’ worth of climate-smart investment opportunities and emphasizes the need for smart policy reforms from governments and innovative business models to unlock private sector finance.
Foundations, endowment managers, family offices, and high net individuals are currently well-positioned to play catalytic roles in the evolving cleantech ecosystem. To take advantage of this existing opportunity, wealth owners and managers committed to solving climate and energy challenges must utilize the full range of tools at their disposal to support the companies, new models, and investors that are driving the next shift in the investment cycle for cleantech.
Download the Primer, Co-Authored by Rob Day, CREO Co-Founder and General Partner, Spring Lane Capital and Matt Brown, Energy and Transportation Lead, CREO Syndicate. The paper was co-edited by Dana Lanza, Confluence Philanthropy CEO and Regine Clement, CEO of the CREO Syndicate.
Philanthropic and family office investors are well positioned to play an important role in the transition to a clean economy, but to date, the pace of progress has not yet met the need. The Climate Solutions Collaborative (C2C), through our Re-Investment Institutes and other programming, works to make the field of climate investing more connective, active, and effective for philanthropic and family office investors.
Watch Debbie Gordon, Director and Senior Fellow of the Energy and Climate Program at the Carnegie Endowment for International Peace walk through the latest version of the Oil-Climate Index, an interactive platform that provides data around the GHG impact of fossil fuels across different supply chains, geographies and other characteristics. This information is critical to being able to effectively understand and engage portfolio companies on their climate impact.
In early July 2017, Confluence Philanthropy held a webinar to discuss the Implications of the U.S. Withdrawal of Support from the UNFCCC. Co-sponsored by the Climate and Energy Funders Group and the Leonardo DiCaprio Foundation’s Planet Pledge fund, the session featured a discussion between Jonathan Pershing, Program Director, Environment at the Hewlett Foundation and former U.S. lead negotiator in the UNFCCC and John Goldstein, Managing Director at Goldman Sachs Asset Management, and co-founder, Imprint Capital Advisors .Michael Northrop, Program Director for Sustainable Development at the Rockefeller Brothers Fund moderated the discussion.
On Thursday, June 1, as President Trump was announcing his intention to withdraw the United States from the Paris Climate deal, a group of committed family offices and foundations representing over $1.3B in assets was convened by the Climate Solutions Collaborative (C2C) at the Sierra Club Foundation to talk about strategies for investing in climate solutions. This Re-Investment Institute brought together participants in a structured workshop to foster peer-to-peer exchange and a diversity of perspectives on climate investing, with the goal of helping participants chart their own path towards investing in climate solutions. During the meeting, the group championed a commitment to deploy $3B in capital towards climate solutions from the C2C network by 2025.
On Thursday, June 1 as President Trump was announcing his intention to withdraw the United States from the Paris Climate deal, a group of committed family offices and foundations representing over $1.3B in assets were meeting to talk about strategies for investing in climate solutions. Organizations in the room and others across the globe are joining together to invest at least $3 billion in the companies and organizations that will end the fossil fuel era, improve all human lives and heal our atmosphere.
Listen to an interview with Paul Bodnar, where he share insights from his career in both public and private sector climate investing.
Paul Bodnar, Senior Fellow, Rocky Mountain Institute
Listen to an interview with Kiki Tidewell, as we learn how she got her start in impact investing and get her perspective on approaches to climate engagement.
Kiki Tidwell, President, Tidwell Idaho Foundation
Watch Terry share insights on the R20, and how cooperation can achieve climate impact.
Terry Tamminen, CEO, Leonardo DiCaprio Foundation
Watch an interview with Amory Lovins, where he shares his thoughts on energy efficiency and climate change, using real-world examples of how technology can create impact.
Amory Lovins, Co-founder, Chief Scientist, and Chairman Emeritus, Rocky Mountain Institute
See a presentation by Ricardo Bayon, where he makes the case for the true value of nature and offers thoughts on how to invest for climate impact.
Ricardo Bayon, Partner, Encourage Capital
Listen to Nancy Pfund share her thoughts on the state of play with venture capital and cleantech.
Nancy Pfund, Founder and Managing Partner, DBL Partners