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International investors and entrepreneurs launch new climate endowment
A group of international investors and entrepreneurs has announced the launch of a Climate Endowment as an urgent response to the Climate Crisis and to the European voters’ outcry for a Green Revolution.
“The shifting tide of public opinion on climate protection has reached a critical mass — the recent E.U. elections, as well as unprecedented ‘Friday for Future’ protests, have signaled a clear demand for a green revolution,” said Jochen Wermuth, founder of Wermuth Asset Management GmbH and initiator of the Climate Endowment.
The aim of the Climate Endowment is to enable institutional investors to allocate more of their huge capital stock to renewable energy, new mobility and related clean-tech assets. Its initiators plan to obtain commitments from the public and private sector to achieve a size comparable t