Invested In Climate

Jason Rissman

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. The $9 Trillion Adaption Opportunity with Adapt[us]

    1 天前

    The $9 Trillion Adaption Opportunity with Adapt[us]

    The vast majority of my interviews have focused on innovations, investing and advocacy related to climate mitigation – that is, what we can do to cut greenhouse gases and minimize the rise in global temperatures. What we do or don’t do now, will have lasting consequences and it is climate mitigation that is driving the transformation of the global economy. So it’s not surprising that mitigation dominates climate investing.   Adaptation and resilience, meanwhile, focus not on limiting or reversing climate change but rather on improving quality of life in a warmer world. Adaptation ventures receive only a small fraction of climate investments, but rising temperatures are creating tremendous demand for a new category of products. In a joint report by Boston Consulting Group (BCG) and Temasek, it’s estimated that between $500 million and $1.3 trillion could be spent annually by 2030 on technologies that help people adapt to a changed climate.  That’s the opportunity Darren Clifford is targeting with a new fund called Adapt[us]. Darren has worked for two decades on new markets as a founder, consultant at McKinsey & Co, and as an angel investor, and I found his perspective on the climate adaptation market to be packed with nuance and insight. We spoke about his background, three different categories of adaptation tech, the unique challenges they face, how they’ll make the future more livable, and much more.  On today’s episode, we cover:[02:45] Darren’s Background & Career Journey[06:39] Why Focus on Climate Adaptation?[08:07] Insights from Angel Investing & Supporting Founders[12:14] Why Adaptation is Underfunded; Adapt[us] Fund Overview[16:19] Challenges in Scaling Adaptation Solutions[17:31] Adapt[us] Fund: Focus & Stage, Why For-Profit[18:53] Measuring Impact & Third-Party Well-being Validation[23:10] Market Segmentation: Resilience, Repair & Recovery, Demand Adaptation[25:38] Market Size and Investment Allocation[27:50] Business Model Challenges for Adaptation Startups[30:23] Concrete Examples of Target Companies [32:59] Adapt[us] Venture Building Approach & Founder Support[36:42] The Venture Builder/Capital Model: Criteria & Structure[38:27] Norwegian Talent & Global Competitive Advantages[41:03] Building a Movement, Not Just a Fund[42:06] Short-Term Goals for Adapt[us] & Team Building[44:41] Closing Remarks Resources MentionedAdapt[us]BCG x Temasek Report: The Private Equity Opportunity in Climate Adaptation and ResilienceToronto Climate WeekGIC Report: Sizing the Inevitable Investment Opportunity: Climate AdaptationWRI Study: Strengthening the Investment Case for Climate Adaptation: A Triple Dividend Approach Connect with usa...

    45 分鐘
  2. LA Climate Week Founders on Spreading Everywhere

    9月30日

    LA Climate Week Founders on Spreading Everywhere

    In case you missed it, last week was NY Climate Week. There were well over 1,000 events — from summits with CEO and heads of state, to film screenings, concerts, parties, boat cruises, pitch sessions, hackathons and much more. I tried to sum up my experience at New York climate week in a special episode two years ago. This year, of course, the context was different with a US administration no longer interested in climate, and a lot of green hushing, hand wringing and new language that aims to be less politicizing. To me, one of the most interesting things about NY Climate Week is that it's not the only one. Climate weeks are spreading. San Francisco, Los Angeles, Washington DC, San Diego, Shanghai, Bangkok, Panama City all have climate weeks. There might be dozens more in the works. No city on the planet is immune from the impact of climate, and most cities have thriving ecosystems of organizations, innovators, investors, policymakers, researchers and more working to advance climate solutions and adapt to a changing planet.  In this conversation I’m joined by Nishant Mani and Dan Thorman, co-founders of the LA Climate Week. Nishant and Dan saw a need to bring together their community. They volunteered to lead and have built LA Climate Week into a successful example that people anywhere can follow to create their own week of solidarity, learning and action. We talk about their backgrounds, the founding story of LA Climate Week, the impact of the LA wildfires on last year’s event, lessons they’ve learned and much more. So whether or not you were in New York last week, I hope you’ll enjoy this conversation and consider how you can help your local climate community wherever you are. On today’s episode, we cover:1:22 – Recap of New York Climate Week & Spread of Climate Weeks3:43 – Nishant’s Personal & Professional Background6:19 – Dan’s Personal & Professional Background 10:16 – The Origin Story of LA Climate Week14:40 – The Role of Entertainment & Culture in LA Climate Week17:08 – Entertainment Industry’s Role in Climate Movement18:33 – Impact of Wildfires on LA Climate Week24:47 – The Broader Role of Climate Weeks & Local Collaboration27:51 – Lessons Learned from Organizing LA Climate Week32:20 – Evolving the Structure and Infrastructure Involvement33:02 – Measuring Success and Growth of LA Climate Week36:44 – Community Engagement & Accessibility39:32 – Aspirations for the Future: Magic Wand Scenario42:21 – Future Planning and Event Announcement44:14 – Closing Remarks and Call to Action Resources MentionedLA Climate WeekClimate CapitalTerra.doReunionCollidescope FoundationJane Goodall Institute Connect with usNishant ManiDan ThormanJason Rissman Keep...

    45 分鐘
  3. Bridging the Climate Finance Gap with Blackhorn Ventures & Spring Lane Capital

    9月16日

    Bridging the Climate Finance Gap with Blackhorn Ventures & Spring Lane Capital

    Climate tech companies face a range of structural challenges to securing the mid stage investment needed to scale their solutions. The lack of capital at this stage prevents many viable, potentially transformative technologies from going mainstream and eliminating gigatons of emissions. That’s why we’ve been running a series of episodes on the Missing Middle in Climate Tech in partnership with Spring Lane Capital. If you haven’t heard our previous three episodes in this series, check them out at investedinclimate.com, and if you have ideas of other topics that warrant a Deep Dive series please reach out through the contact form on our website.  For the fourth episode in our series, I’m joined by Spring Lane Capital Co-Founder and Partner Rob Day who guest hosts the conversation with Blackhorn Ventures Managing Partner Melissa Cheong.  On today’s episode, we cover:2:23 – Introducing Blackhorn Ventures & Melissa Chong3:31 – Melissa’s Path to Venture Capital & Impact Investing8:44 – Surprises & Learnings in Venture Capital10:13 – Overview of Blackhorn Ventures’ Investment Focus & Strategy13:55 – Addressing the Missing Middle: Digital vs. Hardware Solutions17:18 – Leveraging Accepted Hardware & Digital Solutions19:09 – The Role of Vertical Data Pools in Construction and Energy21:03 – AI, Utilities, and the Urgency for Digital Solutions25:10 – Building Resilience & Anti-Fragile Mindsets in Climate Tech28:14 – Exploring New Financing Instruments & Insurance32:21 – Portfolio Example: Formic – Robotics as a Service36:37 – Portfolio Example: King Energy – Solar for Multi-Tenant Properties38:55 – Lessons from Community Solar & Smart Billing40:00 – Takeaways: The Evolving Role of Venture Capital in Climate Impact43:24 – Closing Remarks Resources MentionedSpring Lane CapitalBlackhorn VenturesFormicKing Energy Connect with usRob DayMelissa CheongJason Rissman Keep up with Invested In ClimateSign up for our NewsletterLinkedIna href="http://instagram.com/investedinclimate" rel="noopener noreferrer"...

    44 分鐘
  4. Charging Ahead with Electric Innovation

    9月2日

    Charging Ahead with Electric Innovation

    I’ll admit it’s not often these days that I’m talking to climate leaders, particularly those working on policy, who say it’s an exciting time. This conversation was like a breath of fresh air. It’s not getting the headlines it deserves, but innovation is literally electrifying our country. Sector by sector, state by state, our economy is being transformed by electric technology replacing outdated fossil fuel applications. To elevate and accelerate this wave of innovation, Hawaii State Senator Chris Lee and California Energy Commission Chair David Hochschild have teamed up to launch the Electric Innovation Initiative. The Initiative is starting with an awards event during NY Climate Week, recognizing breakthrough electrification projects with $10,000 cash awards. But beyond this event, the Initiative is a 10-year campaign to showcase innovation, advance learning and shape policy. In this conversation, we go deep into the context of why the Electric Innovation Initiative is needed, what sort of progress is happening at the state level, how states are learning from one another, the many benefits of electrification and much more. I learned a lot in this episode and was thrilled to hear there’s much to celebrate in a still growing electrification movement. On today’s episode, we cover:[03:27] David Hochschild & His Role at the California Energy Commission04:09] Chris Lee & His Energy work as a Hawaii State Senator[05:05] Details of the Electric Innovation Initiative[07:07] State Legislators Collaboration: Sharing best practices and policy replication[09:09] Why electrification progress needs more attention[10:52] State and local responses to federal rollbacks[13:18] Policy Options for States: Connecting policymakers with electrification leaders[15:44] Fast-Tracking Projects: Permitting and financing challenges[17:01] California’s Permitting Reforms: Fast-track permitting for clean energy[18:49] California’s approach to stable, long-term programs[21:01[ Hawai'i’s 100% Renewable Mandate[23:05] Lessons from Hawaii and California: State leadership and policy replication[25:24] Legislator Network: Supporting new lawmakers and advancing innovation[28:54] State and local opportunities despite federal gridlock[32:57] Equity in Electrification: Directing investments to underserved communities[35:27] Vision for 2035: What a fully electrified future could look like[37:27] How listeners can support electrification[39:45] Optimism for the future and bipartisan collaboration Resources MentionedElectric Innovation InitiativeCalifornia Energy CommissionHawai'i State LegislatureClimate Week NYCNational Caucus of Environmental Legislators Connect with usHawaii Senator Chris LeeCalifornia Energy Commission Chair David HochschildJason Rissman Keep up with Invested In...

    43 分鐘
  5. Funding Climate Tech from Growth to Scale with Spring Lane Capital & Capricorn Investment Group

    8月13日

    Funding Climate Tech from Growth to Scale with Spring Lane Capital & Capricorn Investment Group

    We’re back with the third installment in our Missing Middle in Climate Tech series, created in partnership with Spring Lane Capital. If you haven’t yet heard the earlier episodes, head to our website for conversations exploring research from CREO and S2G on the financing gap facing climate tech companies caught between early-stage venture and large-scale project finance. And if you have ideas for future series or want to explore a partnership, we’d love to hear from you—reach out via our site (investedinclimate.com/contact). In this episode, we’re joined by Jason Scott, Partner and Entrepreneur in Residence at Spring Lane Capital, and Mark Berryman, Partner at Capricorn Investment Group. Capricorn is one of the OGs of sustainable investing, with over two decades of leadership in the space and more than $12 billion in assets under management. This conversation brought together two distinct perspectives: a large, established asset allocator and a nimble firm specializing in project finance and growth-stage venture capital. Mark, recently named LP of the Year by Impact Capital Managers, offered nuanced insights into the challenges and opportunities of bridging the missing middle. Jason’s decision to bring him into the conversation sparked a rich dialogue on what it will take to close this critical funding gap. Lots to unpack and learn in this one. Enjoy! On today’s episode, we cover:[03:08] Series recap and context on the “Missing Middle" [07:03] Mark’s background & experience in climate investing[11:09] Mark’s perspective on the "missing middle" & its evolution[14:08] Why mid-sized funds are suited to fill the climate financing gap[17:45] Capricorn’s approach to climate portfolios & supporting the ecosystem[21:46] What Mark looks for in emerging fund managers[25:07] Building a fully climate-aligned portfolio & impact reporting[28:45] Where to categorize Spring Lane’s investment approach[32:10] The need for more innovative, category-defying climate funds[33:33] Macro context: tariffs, market volatility & long-term climate investing trends[41:33] Three-to-five year outlook for climate investing & the missing middle[44:15] Industry consolidation & future innovations[46:34] Closing remarks Resources MentionedSpring Lane CapitalCapricorn Investment GroupThe Role of Family Offices with Spring Lane Capital & CREO, Ep #114Rethinking Climate Finance with Spring Lane Capital...

    47 分鐘
  6. Climbing Star Alex Honnold and his Foundation’s Mission to Change Lives with Solar

    7月22日

    Climbing Star Alex Honnold and his Foundation’s Mission to Change Lives with Solar

    As you know, with government funding cuts slowing climate progress across the board, philanthropy is more important than ever. Private foundations offer just a drop in the bucket compared to government funding, but they can still play an important role and catalyze other forms of capital.  That’s why I’m doing a series of episodes on climate philanthropy. If you have ideas of other foundations that should be part of this series, please reach out through InvestedinClimate.com We spoke recently with Pisces Foundation President David Beckman on the importance of funding movement infrastructure.  Today’s episode considers a totally different perspective.  Alex Honnold is perhaps the world’s most famous professional rock climber. He’s also a true climate leader. He decided years ago to donate one-third of his income to address climate change, and he uses his platform to raise awareness and money to help people in remote communities develop solar projects. Alex brings a no-nonsense, pragmatic approach but also one that is deeply compassionate, prioritizing projects that change people's lives. In this conversation, I’m joined by Alex, as well as Emily Teitsworth, Executive Director of the Honnold Foundation. We, of course, talk about Alex’s history, his climbing, and how it’s influenced his climate philanthropy. We go deep into the foundation’s theory of change, some tangible examples of projects they’ve supported, and the broader impact they have in elevating a portfolio of worthy projects for other funders to consider. Alex’s resources are not vast. His dedication runs deep, however, and even with modest resources, he’s been able to support over 100 projects that have impacted thousands of people. I find Alex’s example truly inspiring. And, I hope this episode inspires you to move past the feeling that we sometimes all feel – that our resources or influence are too small to have an impact – and just do what you can. On today’s episode, we cover:[03:48] Alex Discusses Founding the Honnold Foundation[04:13] Alex's Environmental Motivation[06:18] Emily's Background and Journey[08:30] Honnold Foundation's Mission and Strategy[10:10] Reasons for Focusing on Community Solar[12:52] Importance of Community-Led Projects[14:38] Examples of Supported Projects[17:11] Foundation's Focus Areas[19:27] Specific Project Highlights[24:26] Philanthropic Opportunities[26:53] Storytelling and Media Exposure[30:42] Cultural Impact Discussion[35:20] Alex's Perspective on Impact[37:00] Persistence and Motivation in Climate Work[38:43] Alex's Recent Climbing Experience[39:32] Future Plans for the Honnold Foundation[40:24] Closing Remarks Resources MentionedHonnold FoundationHonnold Foundation: PartnersCeibo AllianceAdjuntasHonnold Foundation: Featured...

    41 分鐘
  7. Movement infrastructure investing with Pisces Foundation David Beckman

    6月24日

    Movement infrastructure investing with Pisces Foundation David Beckman

    In this Deep Dive series on Climate Philanthropy, I’m exploring the wide range of ways that foundations are stepping up to support climate progress, especially amid federal rollbacks and inconsistent commitments from large companies. Philanthropic capital is tiny in comparison to government and corporate budgets, but it can still be a helpful tool – especially if wielded strategically.  Let's set some context: In the United States, there are over 30,000 environmental nonprofits. It's a wildly diverse field with organizations of all sizes and countless focus areas. Since the 1970s, they’ve saved millions of lives through environmental protections that have cleaned our air, water, land, buildings, factories, and products.  Many are struggling with funding cuts and staff shortages, and too often they compete for attention and resources. Foundations provide funding to these organizations, but they can also play a more fundamental role: building movement infrastructure that bolsters the power and influence of the entire field.  That, argues Pisces Foundation President David Beckman, is a priority that deserves more attention and support. David is a friend whom I’ve had the pleasure of working with over the years. When it comes to investing in movement infrastructure, I can’t think of anyone else who brings the nuance and insight David has gained through a career-long focus on advancing the environmental movement. We talk about his background as an National Resources Defense Council attorney, his role in helping start the Pisces Foundation, the entreprenuerial nature of his work, what movement infrastructure is, what he’s learned about investing in it, the importance of late night cookies in building relationships, the need for a meta narrative, the work of the Pisces Foundation, super pollutants, what business people and young people should know about the environmental movement, and much more.  On today’s episode, we cover:[03:49] David's Background and Career Path[05:37] Founding of Pisces Foundation[07:56] State of the Environmental Movement[09:41] Strategic Posture and Movement Influence[11:44] Collective Work and Movement Infrastructure[15:08] Social Entrepreneurship in Philanthropy[17:29] Collaborative Field Building Insights[19:49] Late Night Cookies and Building Relationships[22:31] Meta Narrative in Environmental Movement[25:32] Discussion on Environmental Regulations[28:25] Pisces Foundation's Strategic Evolution[31:33] Super Pollutants Overview[33:40] Impact of DC Politics on Philanthropy[35:48] Advice for Business Community[37:13] Advice for Young People[39:04] Current Inspirations Resources MentionedPisces FoundationNational Resources Defense CouncilSierra ClubBlue Sky Funders ForumMosaic Funders CollaborativeHewlett Foundation“Abundance” by Ezra Klein and Derek ThompsonU.S. Environmental Protection Agencya href="https://ega.org/"...

    41 分鐘
  8. Rethinking Climate Finance with Spring Lane Capital & S2G

    6月10日

    Rethinking Climate Finance with Spring Lane Capital & S2G

    In the second installment of our Deep Dive: Missing Middle in Climate Tech series, created in partnership with Spring Lane Capital, we dive deeper into why the “missing middle” is not just a gap; it's a structural issue. We're joined by two of the sharpest minds in climate investing: Francis O’Sullivan, Managing Director at S2G Investments, and Rob Day, Co-Founder of Spring Lane Capital. Together, they explore how early-stage innovation and late-stage deployment are well funded, while the crucial middle phase of scaling is dangerously underserved. We discuss why this gap exists, what solutions are emerging, and how investors are shifting their strategies to meet the moment. If you care about accelerating the climate transition, you’re going to want to listen to this. What You’ll Learn Why the "missing middle" persists despite surging climate capital overallHow venture capital models can distort scale-up potentialWhat new capital strategies (like development expense financing) are emergingWhy climate investing now enters a “third phase” of full-scale deploymentHow Rob and Francis are rethinking returns and risk for the climate transition In today’s episode, we cover: [2:50] Francis' background and journey to S2G[4:36] Rob's career path in climate tech investing[6:30] Spring Lane Capital's founding and investment thesis[9:54] Discussion of the missing middle in climate finance[19:04] Structural challenges in climate investment[25:46] Organizational challenges for institutional investors[33:57] Concrete investment examples[41:37] Explanation of structured investment instruments[44:26] Historical context of climate investing Resources Mentioned S2G InvestmentsSpring Lane CapitalWorld Resources InstituteInvested in Climate - Missing Middle in Climate Tech Series: The Role of Family Offices with Spring Lane Capital & CREO, Ep #114S2G: 2023 Report - The Missing Middle: Capital Imbalances in the Energy TransitionCREO: 2024 Report - Understanding the Climate Finance GapSoluna Connect with Us Jason RissmanRob DayFrancis O’Sullivan Spring Lane Capital Website: https://springlanecapital.com/Linkedin: a...

    52 分鐘
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簡介

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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