WEBVTT

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(gentle upbeat music)
(birds singing)

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<v ->It's an exciting time</v>

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for climate investing in North America.

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The capital we need is large.

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By 2030, we're talking about $6 trillion

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and private investors will be a big source of that funding.

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And what's happening is policymakers recognize this

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and are beginning to provide the incentives

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to make that money flow.

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In the USA we have the IRA and the IIJA.

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Together, they represent about 500 billion in funding

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for climate and energy over the next decades.

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Canada is in a similar spot.

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2023 incentives provide over 110 billion

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in federal funding for the climate transition.

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And what this means is climate technologies

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that were once out of the money

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are now in the money,

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creating opportunity for those

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that want to deploy capital.

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In the US alone,

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and this stat is an exemplar

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of the kind of opportunity we're talking about,

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the volume of in-the-money emissions

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for carbon capture is now over 300 million tons.

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That's 15 times the current US capacity.

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That capacity needs to come online.

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In low-carbon hydrogen,

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a maximized tax credit can quickly bring

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most use cases into the money.

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And the new investment tax credit for utility scale storage

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can bring returns of 20% or more.

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What's happening is investors are moving,

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they're acting, they're going after these opportunities,

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and the fundraising market

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is a great proxy for this activity.

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2022 was a tough year for fundraising.

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Overall fundraising was down 12% in the private markets,

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while climate fundraising was up 30%.

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(gentle upbeat music)
(waterfall flowing)

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<v ->Many of these climate related sub-sectors</v>

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offer investment opportunities across asset classes,

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including infrastructure, private equity,

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growth and venture capital.

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Each one has a complex value chain

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with a unique set of opportunities.

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To navigate this complexity,

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we've profiled several near-term opportunities

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across eight industries of interest.

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These opportunities are supported by sector tailwinds

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including policy incentives that support economics,

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new and maturing tech that is rapidly closing costs

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and performance gaps,

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and rising investor interest and confidence in the sector.

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<v ->People ask me,</v>

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"Is this climate investing thing here to stay?"

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And I tell them, "Yes, it is here to stay."

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This is the early innings

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and there is a long runway of capital deployment needed

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to build the infrastructure,

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scale the technologies,

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and provide the enabling services

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that will be needed for us to collectively achieve

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our global climate and sustainability goals.

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(upbeat gentle music)
(water rushing)