European Commission President Ursula von der Leyen calls the E.U.’s ambitious plan to become carbon neutral by 2050, “our new growth strategy.” At Phenix Capital’s (virtual) Impact Summit this week, representatives of Europe’s pension funds, impact investors and investment advisors hashed out exactly who and what will benefit from that strategy.
“We’re seeing companies in some specific sectors—renewables, insulation, energy efficiency—with large inflation of valuations [because of] a massive increase in possible upside in the addressable market,” said Luc Olivier of French asset management firm La Financière de l’Echiquier. “That will flow more capital to impactful companies.”