Philanthropic and Long-term Sources of Capital in Clean Energy Finance
Philanthropists, making grants and program related investments, and family offices, using an array of investment mechanisms, can deploy significant capital to accelerate the development and deployment of clean energy technology, beyond current funding provided by venture capital, private equity and project finance firms. Philanthropic dollars can fill critical clean energy finance gaps that government and private sector dollars cannot fund, but many barriers remain in the way of realizing this potential. Family offices, generally enjoying a significant degree of independence and creativity, have a track record of pioneering replicable and scalable investment structures, later adopted by institutional investors, such as university endowments as well as pension and sovereign wealth funds. Led by Alicia Seiger, this project will engage philanthropic and long-term sources of capital to devise and scale up new approaches to clean energy finance.