Climate Finance Ships, which carry 90 percent of global trade, are heavy polluters. The 15 biggest vessels emit more nitrogen and sulphur than all the world’s cars combined. Inefficient vessels cost the shipping industry $70 billion per year, but owners have little incentive to invest in upgrades. Tens of billions of dollars in retrofit loans
The University of California, Berkeley’s Haas Business School is cultivating academic rigor in impact investing. The school’s Center for Responsible Business is accepting proposals until April 3 for its Investment for Impact Research Prize. Topics can range from green bonds to microfinance to venture philanthropy. The $5,000 prize winner will be announced in September. This post
Dubai-based Abraaj Group is the latest in a line of institutional investors making a move on India’s debt markets. The $10 billion money manager has traditionally focused on private equity and real estate investing, but is reportedly considering structured credit deals, like corporate loans and bonds. Among several structured credit deals Abraaj is evaluating is one in
Next Coast Ventures has raises $85 million for Austin’s startup scene. The firm’s founders said they want to boost Austin’s tech scene and support early-stage startups between the coastal tech hubs. “We are finding outsized opportunities between the coasts with talented, tech-savvy entrepreneurs with vision,” co-founder Mike Smerklo said. The oversubscribed fund already has invested in six
2030 A Finnish university study found that Iran could achieve a zero-emissions grid by 2030 with a capital expenditure of €167 billion ($187 billion). Iran, one of the world’s largest oil producers, would need to develop about 49 gigawatts of solar power, 77 gigawatts of wind energy and 21 gigawatts of hydropower. A green grid
Traditionally, foundations have kept their investment sides separate from their giving sides. In 2012 the F.B. Heron Foundation set a goal to invest 100 percent of the foundation’s $250 million in assets to fight poverty by the end of 2017. CEO Clara Miller says Heron hit its target last year and “became one staff, working in a
Global Partnerships has lent $232 million to more than 100 microfinance institutions and other social enterprises in 14 countries since 2005, and hasn’t missed a quarterly payment to investors. Its clients have delivered finance, solar energy and agricultural inputs to millions of customers, whom are mostly women, rural and poor. How does Global Partnerships do it?