Skip to content
Nicolesmagicspatula

Nicolesmagicspatula

We know finance

Primary Menu
  • Business News
  • Business Development
  • Business Networking
  • Business Knowledge
  • Finance Companies
  • Finance Analyst
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • SITEMAP
  • Home
  • Takeaways from the 2022 Bloomberg New Energy Finance Summit
  • Finance Companies

Takeaways from the 2022 Bloomberg New Energy Finance Summit

By Bernadette 12 months ago

[ad_1]

Blackstone leaders joined the Bloomberg New Energy Finance Summit to offer their perspective on the challenges and opportunities presented by climate change and the energy transition.

Northampton, MA –News Direct– Blackstone

About the Team

Rob Camacho is Head of Asset Based Finance within Blackstone’s Structured Finance Group. Robert Horn is Global Head of the Sustainable Resources Group for Blackstone Credit. Dr. Jean Rogers is Global Head of ESG at Blackstone.

Experts estimate that it will take over $100 trillion by 2050 to avert the worst effects of climate change. At Blackstone, we are investing in companies and projects that support the energy transition and climate change solutions. Three of our leaders recently spoke at the Bloomberg New Energy Finance Summit in New York about trends they are seeing in the space and the role that private capital is playing in accelerating a stronger, more sustainable future.

Necessity inspires innovation.

Today’s high energy prices pose significant challenges for consumers and businesses alike, but history suggests that environments such as this can ultimately drive progress towards a cleaner, more affordable energy future.

“We see similarities between the 1970s and today, including concerns regarding energy security. That experience spurred innovation focused on fuel efficiency and investment in many technologies we use today. This history gives me confidence that we can effectuate the energy transition, building new industries and new value chains going forward.”

― Robert Horn, Global Head of Sustainable Resources, Blackstone Credit

You can’t diversify away from climate risk.

Climate change will impact all areas of the global economy, requiring investors to rethink their approach to risk. Reporting on carbon emissions is a good place to start; however, to effectively manage a risk at this scale, investors must tailor their strategies to the most material factors of a given business or industry.

“You can’t diversify away [from climate risk]. You have to manage the outcomes and do it in a way that is meaningful . . . and focus on what sectors are going to have really strong tailwinds and which are going to face headwinds.”

― Jean Rogers, Global Head of ESG

Moving the needle on climate requires significant carbon reduction.

We’re living in a “good rush”: Year-on-year, the global sustainable fund universe expanded by 53%, indicating intense investor appetite for sustainable vehicles. However, significant carbon reduction more broadly will require active management and concrete, ambitious decarbonization KPIs. Private market investors must play a significant role in accelerating the energy transition in partnership with portfolio companies.

“At Blackstone, we’ve set a 15% emissions reduction target— an aggregate, three-year goal that applies to all new investments where we control the energy usage. We start with energy conservation efforts and then move into procurement, offsets and carbon renewal. Our portfolio companies don’t want to decarbonize at any cost; they want to do it in the most efficient way and end up not just lower-carbon, but also more competitive.

― Jean Rogers, Global Head of ESG

Credit has a crucial role to play.

Flexible capital and the ability to deploy it at scale are essential to funding decarbonization. Credit is well-suited to capital-intensive projects that are typical for the energy transition, and instruments like sustainability-linked loans can incentivize companies to make material progress on specific ESG metrics.

“Sustainability-linked loans can help drive value— not only for the credit holder, but also for equity holders and for the business overall. We recently invested in a building efficiency company and identified three important KPIs: renewable energy procurement, carbon avoidance and workforce diversity. We incorporated these metrics into the pricing of the loan, and our ESG team tracks that annually along with third parties. We’ve found it to be a great tool both for sustainable companies and companies in various stages of their sustainability journey.”

― Robert Horn, Global Head of Sustainable Resources, Blackstone Credit

“Blackstone manages over $100 billion of insurance capital and we’re looking to match long-term, high-quality contracts with long-term, high-quality insurance liabilities. Energy transition infrastructure is a perfect fit for those needs: It’s stable, it’s long-term and it requires low-cost, scalable capital. We’re excited to bring the energy transition forward by marrying our energy expertise and our structured finance expertise with our insurance capital.”

― Rob Camacho, Head of Asset Based Finance, Blackstone Structured Finance Grou

Since 2019, Blackstone has committed approximately $16 billion in investments that the firm believes are consistent with the broader energy transition. We have also launched a Sustainable Resources Platform within our Credit business. The Platform will invest across the credit spectrum and focus on a broad range of sectors, including residential solar and home efficiency, electric vehicles and green financings that fund environmental projects. Across our businesses, we see an opportunity to invest an estimated $100 billion in energy transition and climate change solution projects over the next decade.

Learn More about Blackstone’s sustainability efforts.

View additional multimedia and more ESG storytelling from Blackstone on 3blmedia.com

View source version on newsdirect.com: https://newsdirect.com/news/takeaways-from-the-2022-bloomberg-new-energy-finance-summit-182415165

[ad_2]

Source link

Tags: "Succeeded His Business", 2 Of Cups Business, 525 Business 5 Bankruptcies, Accounting Business Letter To Client, Bracken Business Communications Clinic, Business Account No Deposit, Business Administration Fafsa, Business Balance Sheet Explained, Business Card, Business Card Printing La Plata, Business Card To Secret Website, Business Cards Media Bar, Business Central Png, Business Coaching Site Cloudfront, Business Contract Lawyer 47201, Business Marketing Pearson Quizlet, Business Milleage Leager 18, Business Mobile Broadand Plans, Business Plan For Supplement Company, Business Plan Loan Originayor, Disrupting Digital Business Harvard, Ffiec Business Continuity Templates, Gauge Ear Piercing Business, Good Openings For Business Letters, Holton Investment Business, Indiana Wesleyan University Business, Indianapolis Business Times, List Business In Search Engines, List My Business Yahoo, Lunch Susbcription Business Model, Morgan Hill Business Liocense Renewal, Nee Small Business Bill Signed, Negotiating Business Acquisitions Practical Law, Networking Trends Small Business, New Business In Shorewood Il, School Business Officer Being Unethical, Small Business Administration Mass, Small Business Comunity, Small Business Corporation South Africa, Small Business Depew Llc, Small Business Medical Offices Chicago, Small Business Office Lakewood Nj, Small Business Plans Verizon, Small Business Storage Array, Small Business Sucess Stories, South Florida Business Journal Twitter, Torrington Ct, United Business Tech Response Sla, United Domestic Business Food, Video Business Woman Bukkake, Ways To Improve Business Technologyreddit

Continue Reading

Previous 5 Steps For Recession Readiness For Small Businesses
Next 12 Things You Can Do When You’re Having Trouble Focusing on Work
June 2023
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930  
« May    

Archives

  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018

BL

Recent Posts

  • How To Become Productive In A Catering Enterprise
  • The Future Of Online Business Through Ecommerce Web Development
  • Learn This..
  • Asset Financing: Leasing Over Loans
  • What Is Fx Signal Buying and selling?
Intellifluence Trusted Blogger

Tags

Amazon Fba Business At&T Business Login Atlanta Business Chronicle'S Boss Baby Back In Business business Business Administration Degree Business Attire Women Business Card Design Business Cards Templates Business Casual Dress Business Casual Outfits Business Checking Account Business Credit Card Business For Sale Near Me Business Intelligence Platform Business Lawyer Near Me Business Loan Calculator Business Name Ideas Business Professional Women Business Spectrum Login California Business Entity Search Capital One Spark Business Carl Weber'S The Family Business Charlotte Business Journal Custom Business Cards Delaware Business Search enterprise Florida Business Search Fl Sos Business Search Harvard Business Publishing Insurance For Small Business Kelley School Of Business Maryland Business Express Maryland Business Search Moo Business Cards National Business Furniture New York Business Search Ohio Business Gateway Onedrive For Business Online Business Ideas Paramore Misery Business Risky Business Cast Small Business Insurance Spectrum Business Customer Service Tom Cruise Risky Business

getlinko

nicolesmagicspatula.com | Magazine 7 by AF themes.

WhatsApp us