Bahrain’s Investcorp launches new climate solutions investment platform

Bahrain’s Investcorp launches new climate solutions investment platform

Bahrain’s Investcorp has launched a new climate solutions investment platform to address decarbonisation and climate change.

The company said it was launching the platform with Bahrain sovereign wealth fund Mumtalakat as well as other Bahrain-based institutions.

Executive Chairman Mohammed Alardhi said addressing climate change is a global challenge in which the private sector has a clear role to play in funding decarbonisation.

The newly launched platform will identify opportunities for private capital investment in companies working on decarbonisation which address the impacts of climate change and accelerate the transition to a zero-carbon economy, Investcorp said.

It will also focus on the deployment and rapid scaling of climate solutions across carbon management, buildings, transportation, and food and agriculture.

“Investcorp believes that an additional key aspect of the underlying investment strategy stems from the recognition that mobilizing the commercial scale-up of such solutions will enable broad-based availability of much needed decarbonization products and services at attractive price points for the Global South,” a statement said. 

“By doing so, the platform has the potential to help the region better manage and mitigate the challenges of climate change which are impacting the area disproportionately, while accelerating overall global emissions reductions.”

James Socas, formerly managing