climate solutions

Transport and energy systems require the most investment for us to reach net zero globally by 2050, a study by the Climate Policy Initiative and Allen & Overy has found.

The €1bn-target vehicle aims to offer a 'comprehensive and differentiated financing solution to projects and players involved in the energy transition', according to an announcement.

While the climate strategy sits within KKR’s infrastructure vertical, it plans to scale new solutions with growth investments as well as real assets.

Fund II has already raised nearly half its target and is expected to wrap up in the fourth quarter of this year.

Despite wider fundraising challenges, sustainable strategies are still pulling in institutional capital, says Shane Swords, managing director and global head of investor relations at NextEnergy Capital.

The firm will invest growth capital in companies supporting emissions avoidance in agriculture and emissions sequestration via natural assets.

Sustainability was one of the recurring pillars of discussion on day one at IPEM in Paris.

One attraction of debutant Glentra Capital was that the value-add infra fund starts with 'a clean piece of paper', according to an anchor LP.

EIP, the world's 19th largest impact fund manager, has a large roster of strategic corporate LPs – although it has also raised capital from financial institutional investors in the past year.

Climate Asset Management has acquired a Queensland asset used for sugar cane production, which it will convert to a more biodiverse macadamia orchard.