climate

Warburg Pincus hedges its bets while Partners Group, GIC and Swiss Re invest in carbon capture specialist Climeworks, as global demand for carbon offsets is set to grow to meet net-zero targets.

The £22 billion UK pension pool has earmarked £1.35bn to climate investments – the largest part of its £4bn private markets investment plan – and is looking at carbon capture technologies and disruptive technologies for hard-to-abate industries.

The market for Australian Carbon Credit Units has been thriving, but recent developments have thrust it into the spotlight – which may not be a bad thing.

Climeworks has raised $649m from institutional investors to scale its direct air carbon capture and storage facilities.

Two draft ESG reporting frameworks focused on climate-related and ‘general’ sustainability disclosures are available for public review.

Nuveen will invest the Global Impact Fund – which closed below target earlier this year – and TIAA capital in climate resilience for developing markets, New Private Markets understands.

The world is still reliant on fossil fuels and we don’t yet have the infrastructure to support a rapid transition away from that energy source. Instead, we need to use the tools we already have to get to net zero.

‘We’re able to get the word out,’ says Regeneration.VC – which has raised $45m for its debut circular economy fund from a raft of public figures and family offices.

The Clean Growth Fund has closed at £101m with investments from the Merseyside, South Yorkshire and Strathclyde pension funds.

The regulator is considering rule proposals for ESG disclosures and private funds compliance.