Jonah Goldman’s Post

In a new op-ed for Institutional Investor, Generate CEO Scott Jacobs joins CalSTRS CIO Scott Chan, CFA to explore why flexible and long-term oriented capital solutions are required to unlock the trillions of dollars of investments in climate smart assets needed to transition our energy infrastructure. They assert that, while traditional capital markets have yet to step up, new ones have emerged that prove attractive returns are available when capital solutions are designed intentionally for the important tasks at hand. Read the full article: https://lnkd.in/eiBzXAPT

As the #ClimateWeek fun begins, and we celebrate Generate's first decade tomorrow night (I hope to see you - please email me if you still need an invitation!), I was honored to co-write this article with the visionary Scott Chan, CFA, CIO of CalSTRS. "The last 10 years have validated our original thesis that a bespoke design of financial capital and human capital can accelerate the adoption of critical climate solutions while delivering market-leading or market-beating financial results. The next 10 years require that we learn from, build off, and massively scale up these dedicated pools of money and talent to meet our collective goals. Our investors and community are counting on us." https://lnkd.in/et8mNyWU

A thoughtful piece on the reality and complexity of navigating established businesses through the energy transition. The time for setting ambitions targets without tranformational actions has passed, now it’s all about the implementation. #energytransition #transformation #changemanagement #healthydebate https://lnkd.in/gydbDMcu

The conversation around decarbonization is evolving, as highlighted at a recent Climate Week NYC event hosted by KKR. Executives from ERM, Zenobē, and Avantus discussed how their companies are approaching strategic sustainability and electrification challenges. Investors and corporations alike are focusing on turning ecological sustainability into financial sustainability. Emmanuel Lagarrigue | KKR https://lnkd.in/ejbnAHux #RealAsset #RealAssetInvesting

#privateequity firms ploughing billions into #fossilfuels - $1tn (£750bn) since 2010 - 21 firms were funding projects responsible for releasing more than 1.17bn tons of #co2 equivalent (tCO2e) a year - Top emitters: 1. EIG Global Energy Partners - 272mn tCO2e (23%) 2. The Carlyle Group - 216mn tCO2e (18%) 3. Brookfield - 212mn tCO2e (18%) "Private equity firms and their executives are making billions by investing public employees' retirement money into planet-destroying fossil fuel assets." https://lnkd.in/g3P25Gae #climatecrisis

Scott Jacobs of Generate and I share our opinion on keeping our climate promises in Institutional Investor: "Our organizations oversee and invest tens of billions of dollars per year, giving us a front row seat to observe the value and the impact of investments in the clean energy economy. As we see the success, we see more of our peers in the pension fund and private capital community interested in participating in that success. That increased investment leads to a virtuous cycle: more investment enables greater scale, greater scale enables cheaper prices, and cheaper prices enable larger markets where more participants can profit. "Our goal to achieve net zero portfolio emissions by 2050 or sooner is grounded in our mission to provide a secure retirement for our members. The investment team at CalSTRS has been organized with cross-functional flexibility. This enables us to pursue relative value and the best returns for the total fund across the full spectrum of climate investment opportunities. These opportunities will help us achieve our mission and our net zero goal."

CalSTRS CIO Scott Chan, CFA and Scott Jacobs, CEO and co-founder of Generate Capital, share their opinion on keeping climate promises of achieving net zero portfolio emissions by 2050 or sooner, while supporting a secured retirement for CalSTRS members. Together, they share the perspective, experience, and advantage to participate in investment cycles — enabling scalability, cheaper prices and larger markets for more participants. Read more on how CalSTRS investment team has been able to leverage climate investment opportunities to achieve our mission and our net zero goal.

ACEN, the Ayala group's listed energy platform, joined this year’s Climate Week NYC, the biggest annual climate event of its kind, with leaders from the world of business, tech, politics, academia and civil society. The company’s participation reinforces its pioneering role in the coal-to-clean energy transition through the use of transition credits. #renewableenergy #bonds #stockmarket #stocks #finance #Business #Corporation #Financial #Invest #Investment #investingtips

In Morningstar's latest coverage for #ClimateWeekNYC, #unga79 and #summitofthefuture, Jackie Cook dives into pay practices at oil and gas companies, Lindsey Stewart, CFA considers why investors want a bigger role in shaping the UN Sustainable Development Goals, Wang Boya checks out #fossilfuelfreefunds and Valerio Baselli reports on investing in #nuclearpower. Check out our coverage. Morningstar Sustainalytics #esginvesting #sustainableinvesting. https://lnkd.in/gbrtDTVa

Join the discussion on November 12 led by the EPA Financial Advisory Board about leveraging the Greenhouse Gas Reduction Fund with private finance. The GGRF funds have been allocated to intermediaries and this is the third panel in a three-part series. This panel adresses distributed energy.