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Forbes
29-05-2025
- General
- Forbes
Will Climate Week NYC 2025 Be A Bust? 'NO!' Says Six Key Insiders
TOPSHOT - People cross the Brooklyn Bridge calling for leaders to "Tear down the pillars of fossil ... More fuels" during a Youth Global Climate demonstration ahead of the UN Climate week and General Assembly in New York City on September 20, 2024. (Photo by Alex KENT / AFP) (Photo by ALEX KENT/AFP via Getty Images) Climate Week NYC 2025 is fast approaching. With just a few months left for organizations to decide whether or not they want to participate this year, given the current political climate in the United States, it's critical to get a read on the pulse of what is being anticipated come September. One key indicator is that the New York Times announced yesterday that it will return to Climate Week NYC with The Climate Forward Live Event for its fourth consecutive year. I asked 6 key players affiliated with Climate Week NYC for their thoughts on what to expect. Angela Barranco, Executive Director of Climate Group North America—arguably the central convener for Climate Week NYC—describes it as 'the biggest global event of its kind, bringing together tens of thousands of people from all over the world. It's more than just a week of events—it's the moment that shapes how businesses and governments act on climate for months and even years afterward.' Barranco went on to explain the critical importance of climate week this year. She states, Barranco's sentiments seem to prevail across Climate Week NYC insiders. Let's hear what some others have said. More people are concerned about the health of the planet than ever before and that's why Climate Week in 2025 will be the biggest yet. Being the hottest year ever recorded, 2024 also produced a record amount of extreme weather and gave us a clear picture of the future we do not want. People want a more stable, resilient, and sustainable future and at the same time many businesses are seeing that environmental responsibility is good business. There are many forces at work to create a brighter future full of opportunity and Climate Week 2025 will be unsurpassed in terms of impact. The Nest Climate Campus is an official partner of Climate Week NYC and takes over the Javits Center on Manhattan's west side. The Nest Climate Campus boasts 9407 attendees last year (up over 50% from 2023), 4383 partner organizations, and 150+ main stage speakers. Attendees can enjoy sponsored sessions on the main stage and various pop up talks and panels on the main floor with celebrities like Bill Nye and Adam Met as featured below. Dr. Sweta Chakraborty and Dr. Adam Met interviewing Bill Nye at the NEST Climate Campus at Climate ... More Week 2024 Food Tank —'the think tank for food'—will take over NPR Studios' The Greene Space during Climate Week NYC 2025 as it did last year. President Danielle Nierenberg said, We Don't Have Time will broadcast live from Climate Week NYC and amplify global reach through studios in Sweden and Kenya. We Don't Have Time partners with organizations ranging from the Clinton Global Initiative to sustainable fashion non-profits like Fashion4Development for the purpose of sharing both innovation and industry progress. We Don't Have Time founder, Ingmar Rentzhog, states: NEW YORK, NEW YORK - SEPTEMBER 18: Ingmar Rentzhog attends Fashion 4 Development's 3rd Annual ... More Sustainable Goals Banquet at 583 Park Avenue on September 18, 2023 in New York City. (Photo by Sylvain Gaboury/Patrick McMullan via Getty Images) The Solar Energy Industries Association (SEIA) plans to show up in force! At a time when the U.S. is experiencing the largest increase in demand for energy since World War II, it is more important than ever that we deploy as much solar and storage as possible. The Solar Energy Industries Association is taking – and will continue to take – that message to every corner of America, including NYC Climate Week. Solitaire Townsend, founder of the change agency, Futerra, describes the establishment of another Climate Week NYC staple: Solutions House. She explains how the House was born when 'Futerra's team in NYC pushed aside a few desks and invited our clients and friends into our offices for small but highly energetic sessions.' She goes on to say that in 2025 'we'll be hosting our largest events yet, in a dedicated 300-seat venue with breakouts, immersion screens and a coffee bar. We've raised more funding, and secured more partners, this year than ever before. Why? Because appetite for solutions, for unexpected content, and for real debate, hasn't dimmed at all.' Definitely a resounding 'NO' according to the 6 key climate players interviewed for this piece. It seems that engagement and participation in Climate Week NYC is an increasing trend especially in recent years. Sure there are fears around speaking up on climate action in the current political climate, but it's clear from those actively working on climate that it's more important than ever to engage. It is possible, however, that this engagement will come primarily from US-based climate advocates. As Ingmar Rentzhog puts it, It remains to be seen just how well attended Climate Week NYC will be in 2025 while the Trump Administration is in power. Perceptions of fear held by climate advocates, whether unfounded or not, can ultimately motivate behavioral outcomes like whether or not to engage in Climate Week NYC 2025. It's clear from the climate insiders interviewed for this piece that not only are they not backing down, but rather that they are ramping up their efforts.
Yahoo
30-03-2025
- Business
- Yahoo
Green Investors Are Finding Bargains in Trump's Big Oil Era
(Bloomberg) -- Private infrastructure investors are snatching up green bargains in what's emerged as a buyer's market for wind, solar and battery projects. New York Subway Ditches MetroCard After 32 Years for Tap-And-Go LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs Despite Cost-Cutting Moves, Trump Plans to Remake DC in His Style Amtrak CEO Departs Amid Threats of a Transit Funding Pullback NYC Plans for Flood Protection Without Federal Funds The moves follow a a slump in clean-energy stocks, as US President Donald Trump's call for more fossil-fuel power generation has sent a chill through the sector and boosted Big Oil's plans to pivot back to core business. 'We think the fundamentals of renewable power are as strong as they've ever been,' said Ignacio Paz-Ares, managing partner and deputy chief investment officer in the renewable power and transition group at Brookfield Asset Management. 'Whenever we see a dislocation between what the market noise is and the fundamentals, that creates a very good opportunity for us to make acquisitions at very attractive entry prices.' Brookfield is among the asset managers betting that rising energy consumption and competitive economics of renewables will continue to drive demand for the sector. In recent months Brookfield has done a series of big green deals, including a $1.7 billion transaction to buy an onshore renewables business from National Grid Plc, a £1.75 billion ($2.3 billion) stake purchase in UK offshore wind farms from Orsted A/S and a €6.1 billion ($6.6 billion) takeover of French developer Neoen SA, which owns solar, wind and energy storage assets. Paz-Ares said the firm is looking to buy more as it continues to raise money for its second energy transition fund. The acquisition of Neoen was particularly good timing for Brookfield. The alternative asset manager and co-investors first bought a controlling stake in December for €39.85 a share, a third lower than Neoen's peak in early 2021. With all of these deals, Brookfield took assets from the public market into the private one. They highlight an opportune moment for investors with money to spend on the sector. A stock market bubble for all things green peaked in early 2021 and has now left valuations of publicly-traded clean energy companies around the lowest level in about five years. 'Stock prices haven't done well over last few years, but in the real economy clean is booming,' said Aniket Shah, head of sustainability and transition strategy at Jefferies. 'When sentiment around something is low, it's a good time to be a buyer.' Vincent Policard, co-head of European infrastructure at KKR & Co., which is looking to raise up to $7 billion for its first Global Climate fund, said the geopolitical factors putting pressure on valuations is 'creating a compelling opportunity for long-term investors like us to lean in and support the energy transition.' Hedge fund manager Trium Capital said earlier this month the broad retreat by oil majors from renewables projects has left the market for low-carbon investments looking less crowded and more attractive. This already appears to be playing out in offshore wind off the coast of the UK, where BP Plc had made some of its hugest bets a few years ago, driving up prices for projects. Copenhagen Infrastructure Partners, which closed its largest-ever renewables fund with €12 billion this month, said it's now starting to re-enter those waters. 'We stayed out of the big blood bloodbath in the North Sea,' said Jakob Baruel Poulsen, managing partner and co-founder at CIP, but the firm recently bought a 480-megawatt Morecambe project off the western coast of the UK in the Irish Sea at 'very attractive terms.' CIP said last month it was acquiring full control from its current owners Cobra and Flotation Energy. A press release on the announcement said Flotation Energy will remain involved after the transaction as a development partner to the project. Renewables project owners in Europe are also benefitting from power prices that are still at historically high levels after natural gas supplies from Russia to Europe diminished in recent years. 'Power prices are incredibly good at the moment,' Baruel Poulsen said. 'In Europe, long-term power prices are at least twice as high' as they were before the war in Ukraine, he said. Beyond Europe, Baruel Poulsen said the new fund will invest in the US and Australia, markets where onshore renewables and batteries are set to play an increasing role in meeting demand in the power system. Wind and solar are the fastest growing sources of electricity worldwide — at a time when energy consumption is set to soar with new demand sources such as data centers. In the US, annual wind farm additions are expected to increase by some 40% this year compared to 2024, according to BloombergNEF, while solar will see a 10% rise to a record 54.4 gigawatts of new capacity added. Despite the challenging political situation in the US, 'we continue to be bullish on the energy transition,' Bianca Ziccarelli, managing director of Canada Pension Plan Investments, said on a panel at the Infrastructure Investor Global Summit in Berlin on Thursday. 'We have been quite busy and we continue to find good opportunities in renewables.' --With assistance from Allison McNeely and Natasha White. (Updates with hedge fund comment in tenth paragraph and deal details further down.) A New 'China Shock' Is Destroying Jobs Around the World Tesla's Gamble on MAGA Customers Won't Work How TD Became America's Most Convenient Bank for Money Launderers One Man's Crypto Windfall Is Funding a $1 Billion Space Station Dream The Real Reason Trump Is Pushing 'Buy American' ©2025 Bloomberg L.P. Sign in to access your portfolio
