The $100 billion opportunity in climate finance accountability. Developed nations have pledged (but not delivered) $100 billion annually to help low and middle-income countries adapt to climate change and mitigate future impacts. That same amount could be saved with better climate finance measurement and management, while cutting greenhouse gas emissions by at least three gigatons each year. “One dollar spent on green accountability could unlock up to $12 that is currently wasted, and ensure capital is deployed efficiently and equitably,” according to “Better accountability, better finance,” a new report from UK-based Systemiq. The authors offer up five guidelines for green accountability: clarity about the source, structure and conditions of capital; simplicity in accessing it; end-user decision-making on financing design and deployment; and responsiveness to changing needs. Finally, capital should accelerate the development of the local real economy.
Dealflow: Catalytic Capital
Zero Gap Fund backs regenerative agriculture investor Trailhead Capital. The Rockefeller and MacArthur foundations four years ago partnered on the $30 million Zero Gap Fund to catalyze private capital for the Sustainable Development Goals. The fund’s final commitment helped Boulder, Colo.-based Trailhead Capital close a $50 million fund to invest in tech companies supporting the transition to regenerative agriculture. Zero Gap invested alongside the Argosy Foundation, Cisco Foundation and impact funds of funds Wire Group and WovenEarth Ventures.
Signals: Climate Week NYC
Write it down. Oil may be nearing $100 a barrel again, but long-term prospects for fossil fuels are less rosy. Coal is well past its peak. Electric vehicles have reached a tipping point that could crater demand for oil (for example, see, “With laws and lawsuits, California takes on Big Oil”). Natural-gas use is still rising, but solar power and biogas, along with heat pumps and induction stoves – and regulation of methane emissions – could bend the curve. “The fossil fuel system is ending,” Carbon Tracker’s Mark Campanale said at Climate Finance Day, a Climate Week NYC event.
Agents of Impact: Follow the Talent
🎙️ Upstart Co-Lab and ImpactAlpha are co-hosting, “Investing in an inclusive creative economy,” with Upstart’s Laura Callanan and Ward Wolff, and ImpactAssets Deb Parson, in conversation with ImpactAlpha’s Dennis Price, Thursday, Oct. 5. RSVP.