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PostDecember 9, 2020

Why climate change is getting the attention of world’s wealthy investors

Our Climate Pathway's Project is identifying major climate pathways in the investment world. 

Michael Sonnenfeldt, the entrepreneur who heads Tiger 21, an investment club for the ultra-wealthy, has spent a lot of time over the years at his alma mater, working with the MIT Sloan Management School and climate modelers on the Climate Pathways project, which he helped found. One of its primary goals is to demonstrate to bipartisan elected officials and business leaders what climate data means in terms of real-life consequences.

After the past few years working with the MIT climate project, and showing the data to many elected officials on both sides of the aisle, Sonnenfeldt said it became clear the models were not just showing climatology, but identifying where major opportunity sets exist in the investment world. “It became clear to me, there are real opportunity sets around climate, whether you believe in it or not.”

Read the full article on CNBC here
by MIT Sloan Sustainability Initiative
Topics
Government & Policy
Energy
Finance & Economics

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