climate

The Danish investor is building a €2.7bn energy transition allocation and has found the US to be fertile ground.

The Italian GP has completed a process that affiliate title Secondaries Investor first reported on last month.

The $70.4bn fund’s investment committee has green-lit a proposed expert group for mitigating climate risk in its private markets-heavy portfolio.

The new strategy could raise close to €5bn. It will deploy capital to help scale up ‘the infra of the future’, Asís Echániz, head of Transition Infrastructure Europe, says.

The firm is seeking to make use of the information gathered for its risk assessments, according to director for sustainability James Magor.

CEO Tord Stallvik says 2024 was the right time for Redwheel, traditionally a public markets manager, to take its sustainability focus into private equity.

The troubles experienced by Europe's best-funded start-up show that investing in the energy transition is not as easy as it looks.

The wider BNP Paribas group has provided an anchor commitment of €400m, according to a statement.

Current approaches to energy efficiency are ignoring the most carbon-intensive area of data centre operations, according to the environment-focused manager.

It is clear that responsible investors want to back homegrown clean tech and solutions that contribute to real-world emissions reductions.