Impax CEO Says Funds Have Run Out of ‘Investible’ Green Assets
- Capital would flow faster if there were more assets, CEO says
- IPCC’s latest report says huge increase needed in green flows
A solar farm in San Bernardino County, California, US.
Photographer: Bing Guan/BloombergThis article is for subscribers only.
Impax Asset Management Group, which runs one of the world’s biggest investment portfolios geared toward a low-carbon economy, is warning that even after the latest wave of subsidies and incentives, there just aren’t enough places to allocate green capital.
Governments still have a lot more levers to pull before policies are powerful enough to address the upheaval that climate change is causing, according to Ian Simm, the 56-year-old chief executive and founder of Impax.