Large funds are too invested in the energy transition to turn back now

Date:

Share post:


The results of the U.S. presidential election have left many worried about the future of climate tech, but the energy transition has enough financial momentum that experts aren’t expecting investment trends to change anytime soon. Limited partners like pension funds and endowments have committed $892 billion over the last decade to the energy transition, according to PitchBook. That’s 80% of all capital committed in the sector.

For some LPs, the investments come at the behest of beneficiaries, who are hoping their money will be put to work tackling climate change. For others, “it is simply good risk management and opportunity analysis,” Pitchbook writes in its note. Whatever the case, the magnitude and durability of these investments over the past decade suggests that some of the largest investors in the U.S. are still expecting climate friendly technologies — many being commercialized by startups today — to deliver outsize returns in the coming years.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Bluesky is courting the Swifties

Bluesky has grown by 2 million users — about 15% — since Donald Trump won the U.S....

Ford will pay up to $165M fine for rearview camera recall failures

Ford has agreed to pay a $165 million penalty to federal regulators after moving too slowly to...

Will Rivian be Volkswagen’s software savior? VW is betting $5.8B it will

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of...

ChatGPT can now read some of your Mac’s desktop apps

OpenAI’s ChatGPT is starting to work with other apps on your computer. On Thursday, the startup announced the...

New Apple security feature reboots iPhones after 3 days, researchers confirm

Apple’s new iPhone software comes with a novel security feature that reboots the phone if it’s not...

AI pioneer Francois Chollet leaves Google

Francois Chollet, a leading figure in the AI world, is leaving Google after close to a decade....

Amazon’s telehealth platform adds low-cost plans for hair loss, skin care, and more

Amazon One Medical is expanding its telehealth services with the launch of upfront and low-cost treatment plans...

Sales tax automation startup Kintsugi doubled its valuation this year

A 2018 Supreme Court ruling eliminated the requirement that an e-commerce retailer needed a physical location in...