While the traditional money centers of New York and London play critical roles in the burgeoning renewable economy, investment is increasingly originating farther afield, nearer to places in need of upgraded energy infrastructure. . . The shifting centers of green finance are also about tackling the world’s environmental problems where they start.
Most infrastructure projects have historically been funded at the local level, so it makes sense that finance centers are proliferating, says Scott Jacobs, founder of San Francisco-based Generate Capital, which recently raised $1 billion to invest in clean energy infrastructure.
The big issue for future infrastructure won’t necessarily be financing, but rather people to think up what we need to build next.
“Electricity decarbonization is not going to be a problem anymore—it’s happening,” Jacobs said.
“But what we really need now is for the 27-year-olds who are excited about building the next app to want to build the next landfill gas system instead.”
Emily Chasan writes the Good Business newsletter about climate-conscious investors and the frontiers of sustainability.
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