Alex Rau, Founding Partner of Environmental Commodity Partners LP (ECP) and Climate Wedge, joins us on this podcast episode. We talk about Alex's background, cover carbon 101: what it really means, what it doesn't mean, and explore how this commodity that is increasingly getting structured and formalized is important to several industries, including the food system.
Environmental Commodity Partners LP (ECP) and Climate Wedge
Alex is founding partner of Environmental Commodity Partners LP (ECP), an investment fund manager dedicated to investing in environmental commodity markets, as well as Climate Wedge Ltd, an independent carbon management and climate finance investment firm founded in 2005. Alex has 20 years of active investing and trading experience in climate finance, carbon markets, and clean energy project finance and development.
He has managed direct investments in carbon and related energy and environmental markets for several institutional funds, including currently over $200m in AUM across several funds for ECP and the Inter-American Development Bank (IDB Mexico Energy Efficiency Debt Securitization Fund), and several previous multi-strategy hedge fund and reinsurance asset management clients including Cheyne Capital. He also co-founded US carbon credit developer EOS Climate, as well as Ugandan cookstoves distributor Up Energy, and wrote and launched the original version of the Voluntary Carbon Standard (now Verra), the most widely-adopted trading standard for the carbon offset markets. Alex is an advisor to the California State Treasurer and member of California’s Green Bond Market Development Committee, a senior advisor to the Climate Bonds Initiative, and an advisor to quantitative trading firm Rosetta Analytics.
Alex previously helped build PricewaterhouseCoopers’s Climate Change Services team within Energy Corporate Finance in London, and has advised clients ranging from BP and Rio Tinto to McKinsey, News Corporation, and California Public Employees Retirement System (CalPERS) on corporate carbon management and investment strategies.
Alex has a Ph.D. in physics from Oxford University, B.A. from Cornell University, and is a CFA charterholder.