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Investor Tom Steyer extols ‘great opportunity’ in climate tech amid market upheaval

Financial Times LogoFinancial Times1d ago

Investor Tom Steyer extols ‘great opportunity’ in climate tech amid market upheaval - Financial Times

Quick Summary:

But Steyer maintained that Trump’s return had not forced any fundamental change in Galvanize’s investment strategy, which he said had always been focused on businesses that were not reliant on policy support.

Last year’s number would likely have been even lower without support for green investment from Joe Biden’s Inflation Reduction Act, which is now being scaled back by the Trump administration.

The ADB’s increased financing will come through precisely the more aggressive balance sheet approach that the multilateral banks’ critics have been calling for.(This follows a similar move in December at the World Bank’s International Development Association.


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Article Details

Author / Journalist: Simon Mundy

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-21 @ 12:00:42 (1 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1166 words

Reading Time: 7 minutes read

Sentences: 47 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 26317421

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 8 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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