'The Real Story for Us Is Europe and California'

We still believe very strongly in carbon, more than ever, because at these levels, there’s an incredible opportunity. In the U.S., we were very early with the transition story in equities. We see that as proof that we’re on the right track. But it goes beyond that.Īt KraneShares, we know we’re in the right place because we’ve seen lots of copycat and similar thesis ideas launched in spaces we occupy, like metals. The economic opportunity is about winning the and winning the race on buildable, scalable, low-carbon processes, mainly in the energy space. There are absolutely no signs of pullback on shifting policy or shifting spending. It’s tectonic in scale, but it’s moving way faster than that. It’s not about ESG, it’s about real economic opportunities being produced. For investors, it’s being on the right side of that. It’s very clear and well-publicized what governments are doing in regard to policy and spending. Climate is investing in the energy transition and the decarbonizing of the global economy. Luke Oliver, managing director, head of climate investments, KraneShares: I want to start by making the important distinction that climate is not ESG. What does the macro environment mean for carbon market investing this year? Let’s start by looking at the broad outlook in a challenging and uncertain year for investors. Karrie Gordon, staff writer, VettaFi: Luke, thank you so much for taking the time to sit down with me today.

California carbon credits