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Leveraging Voluntary Carbon Markets to Fund Nature-based Solutions.
2025 was a turnaround year for the voluntary carbon market (VCM), entering a period of stabilization following the sharp contraction that began in 2022. While overall market value declined in 2024 amid falling issuances, pricing for transacted credits remained relatively resilient, indicating that demand is consolidating around a narrower subset of higher-quality credits, rather than leaving the market entirely.
Affordability Is All You Need
The U.S. power system is entering a period of rapid load growth driven by electrification, economic expansion, and AI-related data center development. Simultaneously, high cost-of-living is a central regulatory and political issue that constrains rate cases, limiting new build.
In this environment, affordability has become a binding constraint, selecting which capacity resources scale and earn durable returns.
Drivers and Pathways to Climate Investing: Lessons from Leading Institutional Asset Owners
Climate is not the primary driver for investment allocation, but we learned from leading institutional asset owners that increasingly it is becoming an essential element – which is critical to support the accelerating amount of capital needed to decarbonize the real economy. Read for insight into how to create the conditions necessary for climate integration within governance, workflow, strategy, and capital deployment. This paper was developed in partnership with the Investor Leadership Network (ILN), One Planet Sovereign Wealth Fund Network (OPSWF), and the Milken Institute.
Investing in Alternatives to Pervasive Persistent and Profitable PFAS
Per- and polyfluoroalkyl substances (PFAS) have been valued as a cheap and versatile compound utilized across global industries for decades, but the tide is turning. With studies linking exposure to severe health and environmental impacts, these “forever chemicals” now represent a regulatory and reputational challenge. This paper explores how investors can capture value amid this transition.
Understanding the Climate Finance Gap: 2025 Update
Understanding the Climate Finance Gap: 2025 Update examines how global climate markets are evolving and what investors must do to close the gap. The paper identifies six imperatives for climate investors, including expanding private debt, unlocking growth equity for scale-ready technologies, and backing emerging managers poised to drive innovation.
Investing in Europe’s Grid of the Future: Resolving the Energy Trilemma
The European grid is at a crossroads, navigating a new era of load growth driven by electrification and AI. At the same time, unstable policies in the US has increased uncertainty at a time when many of its home-grown technology companies are looking to deploy at scale.
Building Leverage for Landscape-Scale Nature Outcomes with Catalytic Capital
Nature finance has grown rapidly in recent years, but landscape-scale projects and initiatives remain severely undercapitalized.
This paper offers a strategic framework for family offices and catalytic investors to deploy capital that bridges this gap and unlocks durable, bioregional outcomes.
Capital Stack Formation for Commercial Fusion
With help from leading figures in fusion, we have developed a perspective on commercialization of the fusion sector, including a high-level framework with capital needs, a comprehensive market map, deal flow activity, and a view on how investors should position themselves amid the geopolitical race happening now.
Agriculture Robotics
The agriculture sector is in crisis. Over the last few decades, the agriculture industry around the world has grappled with surges in labor and input costs, abrupt climate pattern shifts, pesticide resistance, and a growing, urbanizing population.
Opportunities for Families in Italy’s Climate Transition
In a 2023 survey sponsored by the European Commission, nearly half of Italians identified climate change to be one of the most serious problems facing the world. Italy is particularly vulnerable to climate impacts.