climate solutions

The firm has hired three new partners to its infrastructure platform, and registered the KKR Global Climate Fund, to kick off its unorthodox climate business.

Opening its doors in January 2022, Greenbelt targets sectors such as renewable generation, grid enablement, energy efficiency and electrification.

The New York asset manager’s LPs include family offices and smaller public pension funds that appreciate its investments in real assets that provide essential services to strengthen power grids.

Clime Capital’s impact management practices have been verified by BlueMark, the firm said this week.

Lægernes Pension & Bank and P+ Pensionskassen for Akademikere have invested a combined $219m to CI Green Credit Fund I.

Following the CI investment, Trace Carbon Solutions will have over $420m of equity capital commitments from Quantum Capital Group, CI and Trace Management.

Climate Investment – the firm founded by 12 energy majors in the Oil and Gas Climate Initiative – is targeting $750m for the Decarbonisation Acceleration Fund.

From nuclear-produced pink, purple or red hydrogen, to solar-generated yellow hydrogen or turquoise hydrogen made through methane pyrolysis, the options far exceed grey, blue or green. 

While scaleability remains a concern, microgrids have a significant role in bringing power to developing countries.

Already an industry frontrunner in CCUS, the US has taken important steps to accelerate its decarbonisation efforts.