LONDON--(BUSINESS WIRE)--Climate Bridge has announced today that Acorn Capital, the leading Australian microcap fund, has made an equity investment in the company to support Climate Bridge’s continued activity in environmental markets and its mission to deploy green technologies globally.
“This investment gives Climate Bridge the funds and flexibility to continue to react quickly to new, innovative and scalable environmental business opportunities to address climate change. It will also give us the platform to further expand and develop our thriving voluntary and compliance carbon businesses,” says Climate Bridge CEO Alex Wyatt.
Climate Bridge’s core business will remain the development of high-quality emission reduction projects under internationally recognised standards (e.g. CDM, VCS, Gold Standard). Climate Bridge’s commercial team will continue to actively market and sell carbon offsets at wholesale prices in the compliance, pre-compliance and voluntary markets in Europe, North America, Asia and Australasia. The Company’s sourcing team, based in Shanghai, is actively sourcing high quality GHG emission reduction projects to meet Climate Bridge’s ever-growing demand for carbon credits. All offices have been hiring, and there were over 2,500 applications for a recent job opening.
About Climate Bridge
Climate Bridge was founded out of a desire to make a high-impact contribution to modern society’s efforts to combat climate change. Both inside and outside the carbon markets, Climate Bridge continues to enthusiastically explore new and varied opportunities to support the transition to a low-carbon global economy. Climate Bridge has a portfolio of more than 150 emission reducing projects in both the voluntary and compliance carbon markets. The emission reductions from these projects are sold on a wholesale basis to major corporations and retailers in Europe, North America, Asia and Australasia. A truly international company, Climate Bridge has regional headquarters in Shanghai (China), London (UK) and Melbourne (Australia).
About Acorn Capital
Acorn Capital is an Australian based boutique investment manager that exclusively targets both listed and unlisted investments in the ‘microcap’ sector. A ‘microcap’ company is one with a market capitalisation less than the 250th largest company on the Australian Securities Exchange. Acorn Capital was established in 1998 and presently has funds under management of approximately USD 1 billion. It is the largest specialist microcap fund manager in Australia..