Invested In Climate

Jason Rissman
Invested In Climate

Invested in Climate hosts conversations with leading thinkers to help our listeners do more to address the climate crisis through their Work, Investments, Learning, Lifestyle and Activism. People everywhere, communities, governments and all sectors of the economy are mobilizing to address climate change. The scale of this global action is unprecedented. Never before have so many people dedicated so much energy, creativity and capital to addressing a shared, global threat. Will it be enough? What else is needed? And, most importantly, what can you do? We all have a part to play, so let’s go.

  1. What the Election Changes and Doesn't with CERES & Climate Cabinet

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    What the Election Changes and Doesn't with CERES & Climate Cabinet

    There are many reasons to believe the re-election of Donald Trump will be a major setback to climate progress. His previous record, recent campaign, ties to the fossil fuel industry, and perpetuation of misinformation, like the strange idea that wind turbines kill whales, all suggest we’re in for a radical reversal of America’s climate commitment.  I’ve had many conversations with climate leaders since the election and a different narrative beyond this obvious fear became clear: Climate change doesn’t care who is President. Its impacts will be impossible to ignore. Business leadership and global competitiveness are now inextricably linked to navigating the climate transition. And, a robust ecosystem of influential actors domestically and abroad makes a complete abandonment of climate action unlikely.  Today, I’m joined by two people who bring policy expertise at the federal, state, and local levels. Zach Friedman is the Senior Director of Federal Policy at Ceres, a nonprofit organization that works alongside investors and companies to advocate for sustainability. Caroline Spears is the Founder of Climate Cabinet, an organization that helps local candidates become successful climate champions. I found this conversation to be full of nuance and more uplifting than I expected.   Our new reality is sobering and there’s no denying we face new challenges. There is hope, however, and it comes with the fortitude and savvy people like Zach and Caroline have already been demonstrating. This savvy will require telling different stories about climate, the undeniable business case, and the power of all of us who stay invested. In today’s episode, we cover:[03:55] Background on Caroline’s & Zack’s roles at Climate Cabinet & Ceres[06:35] Potential challenges & opportunities for federal climate policy under the new administration[10:21] The implications of the U.S. potentially disengaging from international climate agreements[13:44] The critical role of state and local governments in driving climate progress[19:24] Priorities of Climate Cabinet & Ceres in the wake of the election results[26:11] How to support climate progress Resources MentionedCeresClimate Cabinet Connect with Zach Friedman & Caroline SpearsConnect with Zach on LinkedInConnect with Caroline on LinkedIn Connect with Jason RissmanOn LinkedInOn Twitter Keep up with Invested In ClimateSign up for our NewsletterLinkedInInstagrama href="http://twitter.com/investedclimate" rel="noopener noreferrer"...

    27 phút
  2. Tapping the trillion dollar government edge with Overture VC

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    Tapping the trillion dollar government edge with Overture VC

    Every once in a while I come across an investment firm with a really different edge and perspective. Overture VC is one such firm. Their specialty is policy – not just understanding the unique opportunities climate tech companies have with government incentives and helping them navigate that tricky terrain, but also actually lobbying for policies that’ll benefit their portfolio companies.  In the words of Overture Founder and Managing Partner Shomik Dutta, there’s a $1.2 trillion dollar wall of government money coming downhill for climate companies. So Overture’s edge is meaningful and can make a big difference for a wide range of companies. Shomik and I discussed his background, how he moved into investing from politics, the opportunities recent climate policy has created for startups, examples of Overture’s portfolio companies and how the firm has helped them, and much more, including what’s at stake in the upcoming election. Speaking of the election – it’s next week. If you don’t yet have a plan for how to get your ballot in or haven’t called your friends and family to make sure they’re voting, now’s the time. Shomik mentions a mobile app called Reach – a great tool to help you contact people you know in swing states. In today’s episode, we cover:[03:01] Shomik Dota's Background and Transition to Investing[06:05] Overture VC's Unique Approach and Government Incentives [09:12] The Role of Government in Climate Tech and Overture's Strategy[12:44] Overture's Portfolio and Specific Investments[16:56] Examples of Overture's Work and Impact[20:45] Overture's Fund and Investment Focus[23:05] Election Impact on Climate Policy[25:41] Future Policy Needs and Final Thoughts Resources MentionedOverture VCReach Connect with Shomik DuttaConnect with Shomik on LinkedIn Connect with Jason RissmanOn LinkedInOn Twitter Keep up with Invested In ClimateSign up for our NewsletterLinkedInInstagramTwitter Have feedback or ideas for future episodes, events, or partnerships?Get in touch!

    27 phút
  3. Can fashion be sustainable? An inside look with Jason Kibbey & Evan Wiener

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    Can fashion be sustainable? An inside look with Jason Kibbey & Evan Wiener

    The apparel industry has a massive impact on the environment. The industry is the second-highest consumer of water and it drives almost 10% of global carbon emissions. Despite thousands of smart people working to make this industry cleaner and all sorts of investments by brands, emissions are still increasing.  To learn about this problem and get an inside look at the efforts to address it, I caught up with two old friends, Jason Kibbey and Evan Wiener.  Jason was the founder of the Sustainable Apparel Coalition and more recently a technology company called Worldly that helps businesses track their supply chains. Evan is a sustainability expert at McKinsey & Company who previously worked at Nike and H&M.  These guys know the fashion industry inside and out. We talked about the state of sustainability in the apparel industry, the challenges of competitive and pricing pressures, the role of legislation, the opportunity for startups, the questionable authenticity of corporate sustainability aspirations, what needs to change, and much more.  This is an industry that simply needs to change dramatically, and I learned a lot about how we might get there. Let’s go. In today’s episode, we cover:[03:07] Backgrounds of Jason Kibbe and Evan Wiener[08:19] Environmental and Societal Impact of the Apparel Industry[11:11] Progress and Challenges in Sustainability Efforts[16:16] Role of Regulation and Industry Response[25:31] Opportunities for Startups and Innovation[37:33] Consumer and Investor Roles in Sustainability[42:50] Reconciling Optimism with Industry Challenges[44:51] Conclusion and Final Thoughts Resources MentionedCascale (formerly Sustainable Apparel Coalition)WorldlyMcKinsey & Company  Connect with Jason Kibbey and Evan WienerConnect with Jason on LinkedInConnect with Evan on LinkedIn Connect with Jason RissmanOn LinkedInOn Twitter Keep up with Invested In ClimateSign up for our NewsletterLinkedInInstagramTwitter

    46 phút
  4. Bridge loans to the rescue with Open Road

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    Bridge loans to the rescue with Open Road

    If you’re an avid listener, you might know I’m always interested in learning about ways we might improve financial markets for climate ventures. Improving the flow of capital can, of course, be incredibly impactful in helping more climate solutions scale successfully. So I was really excited when I learned about Open Road and the important role they’re playing by offering bridge loans to promising companies.  Ok, maybe bridge loans don't sound that sexy to you? Think of it this way: if you’re an entrepreneur, what could be worse than running out of money? How about running out of money when you already have significant funding lined up just not yet in-hand. The sad truth is that this happens all the time – companies go under because they simply can’t keep paying salaries or buying supplies while they wait for financing to arrive. That’s the financing gap that Open Road has been addressing for over 10 years. In this conversation with Open Road CEO Caroline Bressan we talked about her background in impact investing, Open Road’s history, how their loans have unlocked 10 times the amount of capital, their climate portfolio, and more. In today’s episode, we cover:[03:08] Caroline’s background & role before Open Road[04:09] Learning from Calvert that shaped Caroline[05:13] Open Road, how did it start & the problem it's aiming to address[06:46] Financing gaps related to climate: The valley of death & the missing middle[08:37] Investment reach & focus in Sub-Saharan Africa[10:31] Finding & selecting portfolio companies[12:21] The type of impact Open Road has had[13:24] The need for bridge funding beyond what is provided[15:23] Open Road’s repayment rate[17:39] How much of lending has gone to energy, ag & other climate-related companies[21:01] Types of businesses Open Road has supported[26:30] What’s next for Open Road Resources MentionedOpen Road Connect with Caroline BressanConnect with Caroline on LinkedIn Connect with Jason RissmanOn LinkedInOn Twitter Keep up with Invested In ClimateSign up for our NewsletterLinkedInInstagramTwitter Have feedback or ideas for future episodes, events, or partnerships?Get in touch!

    30 phút
  5. Staying cool and saving energy with Mojave HVAC

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    Staying cool and saving energy with Mojave HVAC

    After a summer of record heat waves, I’m sure we’re all grateful for air conditioning. And we know, it’s not just about comfort or productivity, but with extreme heat, being able to cool buildings keeps people safe. Yet, it comes at a cost: air conditioning today is responsible for about 3% of global greenhouse gas emissions and demand is set to triple by 2050. Maybe you’re thinking that heat pumps are the answer and will come to the rescue? They’re certainly an important part of the solution, but until electric heat pumps are plugged into a grid that is fully powered by clean energy, efficiency matters a great deal. Enter Mojave HVAC. Their liquid desiccant technology can cut the energy needed for cooling commercial spaces by 30-50%. For today’s conversation, I’m joined by Mojave Founder & CEO Phil Farese. We spoke about Phil’s past and how he learned about the economics of energy efficiency, Mojave’s business model, technology, and its potential role in keeping us cool without overheating the planet. Here we go. In today’s episode, we cover:[03:01] Phil’s background & what led him to founding Mojave HVAC[05:07] Mojave & the problem that they’re solving[07:24] The limitations of heat pumps [10:36] Focusing on efficiency & using less energy for our HVAC needs[13:53] How Mojave’s technology was developed & where the business is at [16:04] Mohave’s target market & how sales are progressing [17:21] Other insights on Mohave’s product [18:21] The overall opportunity for business & impact[19:42] Emissions savings through technology adoption[20:25] Drivers of demand for Mohave’s product[22:26] The pros & cons of the liquid desiccants debate[25:37] Mohave’s next milestone & the biggest challenges[26:41] Blind spots in addressing climate change & buildings[29:27] Today’s climate innovation ecosystem & how it needs to improve Resources MentionedMojave HVAC Connect with Phil FareseConnect with Phil on LinkedIn Connect with Jason RissmanOn LinkedInOn Twitter Keep up with Invested In ClimateSign up for our NewsletterLinkedInInstagramTwitter Have feedback or ideas for future episodes, events, or partnerships?Get in touch!

    32 phút
  6. How environmentalists could decide the election

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    How environmentalists could decide the election

    We’re weeks away from a historic election. It’s one that will decide the course of climate action in the United States at a pivotal moment, a moment when we can’t afford to slow down or send mixed signals abroad. And, it’s an election that all expect to be decided by just tens of thousands of voters.  These are all facts that I’m sure you know already.  Here’s what you probably don’t know: millions of environmentalists don’t vote. These are people who list the environment and climate change as their number one most important issue – and getting just 1-2% of them to vote could easily decide the election.  This is the premise and work of the Environmental Voter Project. They’re a nonpartisan nonprofit organization, not focusing on a particular party, but instead focusing on protecting the environment simply by getting environmentalists to the polls. I learned a lot from my conversation with EVP Founder and Executive Director Nathaniel Stinnett. We talked about the difference between voter preferences and priorities, who these non-voting environmentalists are, and what actually works in getting them to vote. The answer to that riddle and much else in this episode might surprise you. In today’s episode, we cover:[03:18] What's at stake in the 2024 election?[04:40] The implications for climate[07:14] How local elections influence environmental policy[08:56] Public sentiment on the environment[11:13] The distinction between voter preference & voter prioritization[13:28] The lack of voter turnout among environmentalists[15:06] Why aren’t environmentalists voting[20:21] Fossil fuel PR campaigns [21:24] Environmental Voter Project & what they’re doing to engage[23:55] The most resonant, persuasive, helpful message to motivate behavior change[27:31] Measuring EVP’s impact  [30:00] What is EVP hoping to achieve this year [32:49] The sensitivity analysis for EVP Resources MentionedEnvironmental Voter Project Connect with Nathaniel StinnettConnect with Nathaniel on LinkedIn Connect with Jason RissmanOn LinkedInOn Twitter Keep up with Invested In ClimateSign up for our NewsletterLinkedInInstagramTwitter Have feedback or ideas for future episodes, events, or partnerships?Get in touch!

    48 phút
  7. Investing in Public Climate Companies with ScopeFour Capital

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    Investing in Public Climate Companies with ScopeFour Capital

    If you believe the climate transition is creating trillions of dollars of opportunity, then backing public companies whose business models are centered on that transition and whose growth will be driven by it seems an almost obvious approach.  That’s exactly what Heather Beatty and ScopeFour Capital are doing, and I was excited to hear what they’re learning and the opportunities they see. In this conversation, we talk about Heather’s background and how she came to found ScopeFour after decades in institutional investing.  We talk about their approach, their portfolio, and the opportunities they’re excited about. We talk about the election, how it's influencing their investing in the short term, and the potential long-term implications. We talk about green hushing the resilience of corporate climate action, and much more. Lots to think about in this one. Here we go. In today’s episode, we cover:[2:45] Heather’s background & what got her interested in climate [5:50] The founding of ScopeFour[7:54] Why aren’t we investing by following science & research[9:48] ScopeFour & what they’re aiming to do[11:32] What’s unique about ScopeFour[13:49] What to say to naysayers of climate investing[15:22] Specific examples of investments ScopeFour has made[17:06] Exciting spaces and opportunities right now for climate investing[18:45] What can be done to encourage faster adoption of climate tech[21:08] Tying emissions reductions to the size of an opportunity[23:24] Climate risk as a factor in investment decisions[24:58] The short-term & long-term impacts of the upcoming election[29:35] What we know about Kamala Harris’ interest in climate Resources MentionedScopeFour CapitalProject DrawdownInvested in Climate: Every job is a climate job with Project Drawdown, Ep #37EnphaseABBNexans Connect with Heather BeattyConnect with Heather on LinkedIn Connect with Jason RissmanOn LinkedInOn Twitter Keep up with Invested In ClimateSign up for our NewsletterLinkedInInstagramTwitter Have feedback or ideas for future episodes, events, or...

    35 phút
  8. Wellington Management's $385m Climate Fund with Greg Wasserman

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    Wellington Management's $385m Climate Fund with Greg Wasserman

    I’m always excited to talk to climate investors who have been around for a bit, those who were investing during the Cleantech 1.0 phase, saw the ups and the downs, and have stuck through to our current climate tech boom. Some of the challenges that the earlier era of cleantech investing saw – like high capex and long payback periods – are still relevant today, and experienced investors offer nuanced insights into current opportunities and what the future might hold. I was thrilled to talk to Greg Wasserman. Greg started investing in clean energy almost 20 years ago at Goldman Sachs. I’ll let you hear the twists and turns of his background directly from him, but suffice to say he fits the bill of someone who’s worn multiple prestigious hats to finance climate solutions. Greg recently closed a new $385 million climate fund at Wellington Management, one of the world’s largest independent investment management firms with over $1 trillion AUM. We talk about Greg’s journey, how climate investing has changed, what he’s currently excited about, opportunities for the future, and much more. In today’s episode, we cover:[3:03] Greg’s background & what got him interested in climate investing[5:30] Greg’s experience at Goldman Sachs[6:54] Greg’s experience at the Clinton Foundation[9:47] Greg’s experience at Generation Four Investment Management[13:53] Wellington & what it’s known for[15:19] Wellington’s Climate Fund[17:42] Leveraging resources & resources for Wellington’s fund[20:20] The state of climate investing[22:32] Interesting innovations & where the fund is focused[24:40] The influence of blockchain technology in climate solutions[26:28] Measuring impact of the fund[29:14] Wellington’s investment in Orennia[31:54] Wellington’s investment in SPAN[34:56] What’s coming in the next 5-10 years for climate investing Resources MentionedWellington ManagementOrenniaSPAN Connect with Greg WassermanConnect with Greg on LinkedIn Connect with Jason RissmanOn LinkedInOn Twitter Keep up with Invested In ClimateSign up for our NewsletterLinkedInInstagramTwitter Have feedback or ideas for future episodes, events, or partnerships?Get in touch!

    38 phút
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Giới Thiệu

Invested in Climate hosts conversations with leading thinkers to help our listeners do more to address the climate crisis through their Work, Investments, Learning, Lifestyle and Activism. People everywhere, communities, governments and all sectors of the economy are mobilizing to address climate change. The scale of this global action is unprecedented. Never before have so many people dedicated so much energy, creativity and capital to addressing a shared, global threat. Will it be enough? What else is needed? And, most importantly, what can you do? We all have a part to play, so let’s go.

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