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I think we can harness entrepreneurship and investment and begin to assess and address the increasing effects of climate change. The fund will invest in growth-stage technology companies providing solutions to mitigate the effects of climate change, such as increased drought, flooding and fires. The depth of financial detail discussed in the class can be customized to reflect student knowledge. Jay Koh is a Managing Director and Founder at the Lightsmith Group, and previously served as a Partner of Siguler Guff and was a member of the Firm's senior management team. Impact firm Lightsmith Group has closed its debut fund, Climate Resilience Partners, at 186 million. The note can be used both as background material or as a discussion topic itself, in which students might consider how best to address these market failures, how public finance might mobilize private capital, the benefits and drawbacks of vehicles used to date, and the innovative vehicles they might design. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators.

It offers consideration of the roles of public, private, and blended finance products to provide the trillions of dollars necessary to meet the needs of the Paris Accord.

The material includes market failures that have constrained the financial sector's response to the challenge of climate change, along with different methods that have been used to target funding toward climate-related opportunities. Catastrophes such as the Texas power grid failure and widespread wildfires in other western states have highlighted the increasing financial costs of climate change. This technical note provides a brief overview of the state of climate finance at the start of the 2020s. Village Capital and The Lightsmith Group recently announced that applications have opened in Africa and Asia for the Adaptation SME Accelerator Project (ASAP), a program for SMEs and startups scaling market-based and contextualized solutions to critical climate adaptation and resilience challenges.