With a commitment of $46 million, the Green Climate Fund (GCF) is the largest investor in Lightsmith Climate Resilience. 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. Richard Kauffman, Chairman of the investment committee for Lightsmith Climate Resilience, said: The fund will help scale up companies, applying their technologies to help businesses and communities adapt to climate change, and through international expansion, particularly in emerging markets, and by partnering with the firm’s network of companies and governments. The new fund will focus on six technology areas including water efficiency and smart water management, resilient food systems, agricultural analytics, geospatial intelligence, supply chain analytics, and catastrophe risk modeling and risk transfer. 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. ![]() One thing we do know is that companies that have smart solutions to respond to climate change will be increasingly in demand. “As investors, we know very little about the future with any certainty. Sanjay Wagle, Lightsmith Managing Director & Co-Founder, added: Lightsmith Managing Director & Co-Founder Jay Koh said that climate resilience technologies represent an “overlooked, multi-billion dollar investment opportunity that will just keep growing.” Lightsmith estimates the total addressable market for growth-stage companies whose technologies can address the growing physical impacts of climate change to be $170 billion today, According to Koh, “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.” ![]() As the frequency and severity of extreme climate events increases, the need for adaptation and resilience initiatives and financing is growing as well, yet climate adaptation has not yet emerged as a significant focus area for sustainable finance or investment. However, AI farming is not all good news.Private equity investor Lightsmith Group announced that it has raised commitments of $186 million for the final closing of the Lightsmith Climate Resilience fund, investing in growth-stage technology companies that address the effects of climate change.Īccording to sustainability-focused analysis and advisory organization Climate Policy Initiative, CPI, Lightsmith Climate Resilience is the first private equity fund focused on climate resilience. ![]() Read more: RCA announces winners of Prince Charles climate change prize Farmers must now produce higher yields with lower profit margins, which is where AI and other similar technologies can help. Then, while resources are becoming ever-more scarce, food has also become a cheaper commodity. In India, millions of people, are exiting the labour force completely, while young people around the world are moving from their rural communities to pursue new opportunities in the city – leaving farming work to ageing relatives. According to TechCrunch, the average age of an American farmer is around 58 years old, while farm labour in the US remains in short supply. Not only is there an augmenting issue with food scarcity, but there is a deficit of an available, young, workforce too.
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