A trillion-dollar fund manager on climate investing in 2025
Zero: The Climate Race
Bloomberg
4.7 • 219 Ratings
🗓️ 15 May 2025
⏱️ 33 minutes
🧾️ Download transcript
Summary
Low-carbon tech investments reached $2.1 trillion last year. But with the whole world trying to work out how to navigate US President Donald Trump’s unpredictable policy agenda, is 2025 still a good time to invest in climate tech? This week on Zero Akshat Rathi interviews Greg Wasserman, head of private company climate investment at Wellington Management, which oversees more than $1 trillion in assets. Wasserman has to make investment decisions here and now about companies and technologies — weighing risks and opportunities in a volatile market.
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Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to: Jess Beck, Sommer Saadi, Mohsis Andam, Amanda Kolson Hurley and Siobhan Wagner. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.
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Transcript
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| 0:00.0 | You're listening to an I-Heart podcast. |
| 0:06.2 | Welcome to Zero. I am Akshathrati. |
| 0:08.5 | This week, climate investing in the Trump era. |
| 0:28.0 | Thank you. Things are getting a bit uncertain out there. |
| 0:31.1 | Tariffs go up, then they come down. |
| 0:34.1 | Policy gets announced, then it gets scrapped. |
| 0:38.6 | The whole world is working out how to exist in this new era of policy determined by US President Donald Trump via social media posts. What is not uncertain, though, |
| 0:45.0 | is the need for climate solutions and the need for money to implement those solutions. |
| 0:50.8 | So today we are talking to a climate investor, someone who has to make those decisions here and now about which companies and technologies to invest in. |
| 1:00.3 | Greg Wasserman has been investing in climate companies for nearly 20 years. |
| 1:04.8 | He began his career working at Golden Sacks, then became the head of the Global Solar Initiative at the Clinton Foundation, |
| 1:15.8 | and spent eight years after that as a partner leading the Climate Solutions Fund at Al Gore's Generation Investment Management. |
| 1:19.8 | He now leads the private company climate investment team at Wellington Management, |
| 1:24.2 | investing in companies that are not yet publicly listed. |
| 1:27.9 | Wellington has well over $1 trillion of assets under management. |
| 1:32.5 | So I asked him, is 2025 a good time for investing in climate-focused companies? |
| 1:38.6 | Where are the climate innovations happening? |
| 1:41.2 | And how should investors think about handling growing market uncertainties? |
| 1:46.5 | Also, we are recording this interview on May 12th, Monday afternoon London time. |
| 1:51.8 | Worth noting because the news has been changing quite rapidly these days. |
| 2:00.8 | Greg, welcome to the show. |
| 2:02.3 | Good to see you. Appreciate being here. |
... |
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