, Environmental Finance

CCC shifts business focus following Bunge acquisition

Asset manager Climate Change Capital (CCC) is refocusing its business following its acquisition by agribusiness giant Bunge.

James Cameron, CCC co-founder and chairman, and the firm's new CEO Alfred Evans today told Environmental Finance that the business will look more towards impact investing - that is, into investments with returns in addition to carbon, such as measurable health or social benefits...

"It will be less of what the first generation [of the carbon market] was about," said Evans, speaking on the sidelines of the Carbon Expo event in Cologne, Germany, referring to the model of building projects purely for the carbon credits. "Carbon becomes a proxy for other things," he said.

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