Within the mix is Lightsmith Climate Resilience, which noted that investment in technologies that can address the physical impacts of climate change represents a current estimated total addressable market of over $170 billion. Venture capital and private equity investment in climate technologies is soaring, according to data from PwC, exceeding $60 billion in the first half of 2021 alone. The Adaptation Gap Report 2020 issued in January 2021 by the UN Environment Programme concludes that costs associated with climate adaptation in developing countries could exceed $140 billion by 2030.īut there is good news, too. While sounding impressive, $40 billion is not nearly enough. ĭuring that meeting of nations, a pact was drafted including a call for the world’s developed countries to double their “collective provision of climate finance for adaptation” – a move that would bring funding to $40 billion by 2025, according to analysis completed by Carbon Brief.

Sustainable private equity firm Lightsmith Group announced the final close of Lightsmith Climate Resilience Partners SCSp RAIF – the first private equity fund of its kind focused on climate resilience and adaptation – with $186 million in capital.Ĭhaired by Richard Kauffman, the former chairman of Energy and Finance for New York State, Lightsmith Climate Resilience is targeting six initial technological areas: smart water management and water efficiency, resilient food systems, agricultural analytics, geospatial intelligence, supply chain analytics, and catastrophe risk modeling and risk transfer.Īt the Glasgow Climate Summit held in Scotland in November 2021, a strong theme among the voices were from less developed countries (where the brunt of the effects of climate change are felt) stating that the world’s most developed countries (which are responsible for the bulk of the damage) are not committing enough money to address the underlying issues. By Lynda Kiernan-Stone, Global AgInvesting Media

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