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Al Gore Venture Gets $175 Million as Calstrs, Microsoft Add Cash [Yahoo! Finance Canada]

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Most Read from Bloomberg The money will support the natural climate solutions strategy of Generation's Just Climate, with Microsoft Corp.'s Climate Innovation Fund and the California State Teachers' Retirement System joining as anchor investors, according to a statement on Tuesday. As a result, the investment manager now oversees $1.8 billion of assets, a total that also includes a fund targeting decarbonization of heavy industry. “The concept of the energy transition is a mainstream concept,” said Clara Barby, senior partner at Just Climate. “When you do the work on the science and the data and where the emissions are coming from, it becomes very clear that the land transition is going to be the next wave.” Barby describes the potential to cut emissions in farmed and deforested land as both “huge” and “addressable.” Harmful agricultural practices, such as overuse of chemical pesticides, forest destruction and food systems, are a major contributor to global warming and responsi
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