Climate Change Capital was a private

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

and advisory group founded in 2003 by Lionel Fretz and James Cameron to support efforts to develop solutions to climate change and

resource depletion Resource depletion is the consumption of a resource faster than it can be replenished. Natural resources are commonly divided between renewable resources and non-renewable resources (see also mineral resource classification). Use of either ...

. Fretz left Climate Change Capital at the end of 2004 to found rival carbon trading company, called Carbon Capital Markets, backed by the AIM listed fund Trading Emissions PLC. Shortly, after Mark Woodall became the first CEO of Climate Change Capital.

History

Climate Change Capital established an advisory group in 2004 to provide financial, strategic and policy advice to energy-intensive industries, financial institutions,

cleantech Clean technology, in short cleantech, is any process, product, or service that reduces negative environmental impacts through significant energy efficiency improvements, the sustainable use of resources, or environmental protection activities. Cle ...

companies and governments. The asset management business, which was established in 2005, included a carbon finance fund that invests in emission reduction projects, predominantly in developing countries, a private equity fund that invests in late stage technology and services companies headquartered in Europe and a property fund that buys commercial green buildings or retrofits existing commercial properties in the United Kingdom.. The company's think tank was established in 2009 to promote discussion of how capital can be deployed to mitigate and adapt to climate change. The company employed a large number of leading climate change experts, among them Paul Bodnar who subsequently went on to the

Obama Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the U ...

White House The White House is the official residence and workplace of the president of the United States. It is located at 1600 Pennsylvania Avenue NW in Washington, D.C., and has been the residence of every U.S. president since John Adams in 1800. ...

to serve as Special Assistant to the President and Senior Director for Energy and Climate Change at the

National Security Council A national security council (NSC) is usually an executive branch governmental body responsible for coordinating policy on national security issues and advising chief executives on matters related to national security. An NSC is often headed by a na ...

and from 2018 went on to lead the

Rocky Mountain Institute RMI (Rocky Mountain Institute) is an organization in the United States co-founded by Amory Lovins dedicated to research, publication, consulting, and lecturing in the field of sustainability, with a focus on profitable innovations for energy an ...

. In 2006, the group launched the world's largest private sector carbon fund.

Acquisition

In April 2012, Bunge Ltd, a global agribusiness and food company founded in 1818, acquired Climate Change Capital Group Limited. In 2015, Bunge Limited decided to close Climate Change Capital as part of a wider shutdown of its asset management activities. Climate Change Capital’s chairman was James Cameron, a member of General Electric's ecomagination board, a trustee member of the

UK Green Building Council The UK Green Building Council (UKGBC) is a United Kingdom membership organisation, formed in 2007, which aims to 'radically transform' the way that the built environment in the UK is planned, designed, constructed, maintained and operated. The c ...

and the

Carbon Disclosure Project The CDP (formerly the Carbon Disclosure Project) is an international non-profit organisation based in the United Kingdom, Japan, India, China, Germany and the United States of America that helps companies and cities disclose their environmental im ...

. Climate Change Capital's CEO at the time it was closed was Eric Alsembach, who also served as the managing director of the Bunge Asset Management group.

References

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External links

Climate Change Capital
(Company Website)
Rocky Mountain Institute - Paul Bodnar
Investment management companies of the United Kingdom Carbon finance