Lightsmith’s global investment team draws from experience at Goldman Sachs, True North Partners, Baring Private Equity Asia, IFC, and US DFC. Richard Kauffman, the Former Chairman of Energy and Finance for New York State, serves as Chairman of the investment committee for Lightsmith Climate Resilience. Lightsmith Climate Resilience invests in growth-stage companies whose technologies can address the growing physical impacts of climate change, which represents an estimated total addressable market of over $170 billion today. Climate Policy Initiative (CPI) has concluded that Lightsmith Climate Resilience is the first private equity fund focused on climate resilience, and reported that until now, less than $500 million per year of private investment has targeted climate change adaptation. Lightsmith Climate Resilience is focusing on six initial technology areas: water efficiency and smart water management, resilient food systems, agricultural analytics, geospatial intelligence, supply chain analytics, and catastrophe risk modeling and risk transfer. ![]() Lightsmith Climate Resilience helps companies scale up by applying their technologies to help businesses and communities adapt to climate change, by expanding internationally, particularly in emerging markets, and by partnering with Lightsmith’s global network of companies and governments. To date, Lightsmith Climate Resilience has made investments in SOURCE Global, a water harvesting technology company with an off-grid solution to produce affordable drinking water from sunlight and air, and Wa圜ool Foods, an India-based agriculture and food supply chain services company applying physical automation and digital technology to reduce food wastage and improve farm output. Lightsmith Climate Resilience is committed to delivering economic returns while adhering to global environmental, social, and governance (ESG) standards and providing impact assessment through its Impact Measurement System (IMS). “Lightsmith has brought together a team with a unique combination of experience in direct investment and climate change and has secured the commitment of leading global investors to invest in climate resilience.” “Lightsmith Climate Resilience is the first private equity fund to focus on investing in solutions to the effects of climate change,” said Kauffman. “Increasing drought, agriculture stress, and supply chain disruption linked to climate change will drive demand for data and analytics to understand those risks and for the solutions to manage them.” “Climate resilience technologies are an overlooked, multi-billion dollar investment opportunity that will just keep growing,” said Koh. “As investors, we know very little about the future with any certainty. One thing we do know is that companies that have smart solutions to respond to climate change will be increasingly in demand. By identify, integrating, and incubating/accelerating these SMEs, ASAP hopes to set the groundwork necessary to scale climate adaptation solutions in the places where they are needed most.“Climate resilience technology is an opportunity for investors and for us all.” Investing in climate resilience solutions can deliver both financial returns and real benefits to companies, communities, and individuals,” said Wagle. We believe there are hundreds, if not thousands, of small- and medium-sized enterprises (SMEs) operating in developing countries around that world that have products, technologies, and solutions that can support climate adaptation and resilience (many without realizing it). In addition, small- and medium-sized enterprises (SMEs), which are often best equipped to provide local solutions for climate resilience, are often challenged to access the financing and resources they need to grow. The United Nations Environment Program (UNEP) estimates that the costs of adaptation in developing countries could be as high as $300 billion by 2030 yet, the Climate Policy Initiative (CPI) estimates that $30 billion (approximately 5% of globally tracked climate finance) is currently being directed towards adaptation or resilience – with virtually none from private financing sources. To address these impacts of climate change, massive investments in adaptation are needed. ![]() Climate-related disasters also disproportionately affect developing countries. Floods, storms, and drought together affected over 4 billion people in this period, and these natural hazards are expected to increase in frequency and/or intensity due to climate change. Our Efforts Scaling Climate Resilience Solutions and Technologies in Developing Countriesīetween 19, disasters triggered by natural hazards caused $2.2 trillion in economic damages worldwide, with floods and storms accounting for 69% of these damages.
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