Goldman Backs Al Gore’s Investment Firm in Major CO2 Impact Bet (3)

The investment firm co-founded by Al Gore is teaming up with industry giants including Goldman Sachs Asset Management to create a new impact venture it says will target private markets with the greatest potential for rapid decarbonization.

Generation Investment Management LLP, which oversees $36 billion, said Wednesday that other co-investors include Microsoft Climate Innovation Fund and Harvard Management Co., which together will provide an undisclosed amount of startup capital to launch Just Climate. The goal is to make investments pegged to limiting global warming to 1.5 degrees Celsius above pre-industrial levels, and reflects Generation’s view that there needs to be a fundamental ...