![]() They started the fund with backing from Roger Lloyd’s infrastructure manager Palisade Investment Partners. Its investments include US-based forest carbon credit assessor Pachama, also backed by Bill Gates and Jeff Bezos, and carbon farming start-up Loam Bio, which has just raised $US73 million ($109 million).Īsset manager Palisade Impact was founded jointly by Steve Gross, who ran impacting investing for Macquarie Asset Management, and Jeremy Wernert, who was head of Macquarie Capital Asia. Wollemi Capital is a climate investment fund co-founded by former Macquarie Capital chief Tim Bishop. “When carbon emissions are no longer free, it creates opportunities for businesses which produce products and services which reduce carbon emissions.” “Let’s be really clear, this is a huge commercial opportunity, we expect a full commercial return,” he said. “I wouldn’t do it if it wasn’t profitable,” Mr Schwartz told The Australian Financial Review ahead of a speech at the Climate Investment Forum in Melbourne on Wednesday. ![]() The $100 million to “invest in businesses which create products or services which reduce carbon emissions” includes $65 million already assigned to three vehicles: climate investment group Wollemi Capital, impact investment fund Palisade Impact and rooftop solar developer Allume Energy.Īlan Schwartz: “I’m asking business to do more, to get political, stand up and ask for even more regulatory and policy change.” Arsineh Houspian Rich Lister and philanthropist Alan Schwartz will on Wednesday commit $100 million to investments in carbon reduction initiatives, with millions more to advocate for policy and regulatory change, and insists the money is far from charity.
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