Edelweiss Alternatives is taking a pioneering step in the global fight against climate change by introducing its First Climate Fund. This innovative fund is dedicated to supporting India’s ambitious journey towards a carbon-neutral economy, aligning with the nation’s commitment to mitigate the adverse impacts of climate change.
In line with the G-20’s collective pledge to mobilize financial resources for climate-related initiatives, Edelweiss Alternatives’ Climate Fund will strategically invest in a diverse range of climate-related projects. These encompass climate mitigation and adaptation efforts, spanning renewable energy, transmission infrastructure, electric vehicle (EV) infrastructure, green infrastructure, water treatment, transport decarbonization, industrial decarbonization, and related sectors.
The fund offers investors a promising long-term investment avenue to participate in India’s burgeoning sustainable energy transition market while generating substantial and stable returns.
India’s proactive measures and climate-focused policies have garnered extensive support from international organizations and the global investor community. This demonstrates India’s commitment to leading the charge in the global battle against climate change.
Edelweiss Alternatives, in alignment with its commitment to integrate Environmental, Social, and Governance (ESG) considerations into investment decision-making, has also become a signatory to the United Nations Principles for Responsible Investment (UNPRI).
Venkat Ramaswamy, Chairman of Edelweiss Alternatives, emphasized that sustainable growth and an inclusive energy transition are central to Prime Minister Narendra Modi’s vision for India. The Climate Fund’s launch underscores the company’s determination to contribute to India’s pursuit of a net-zero economy and a sustainable future for all.
Subahoo Chordia, President and Head of Real Assets at Edelweiss Alternatives, highlighted the significant investment opportunity presented by India’s 2070 net-zero target, estimated to require approximately USD 10 trillion. The Climate Fund will not only tap into this promising opportunity but also contribute to achieving Sustainable Development Goals related to climate action, clean energy, clean water, and sustainable cities.
Edelweiss Alternatives, with a track record in renewable power and transmission investments, is poised to make a substantial impact. Their ambitious goals include generating over 450 billion units of renewable energy, reducing or saving over 450 million tonnes of CO2 emissions, conserving or reusing more than 5,000 million liters of water, and creating over 7 million job-years. They employ international processes and appropriate technology to achieve these objectives.
This initiative by Edelweiss Alternatives showcases a significant commitment to sustainability and reinforces India’s role as a key player in addressing the global climate crisis.
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