Filed under: Deals, Raising money, Venture capital industry, Private equity industry
IDFC Private Equity Fund II has announced this day that they invested 400 million Rupees in India’s carbon credit advisory firm, Emergent Ventures India PVT. Ltd. In dollar terms this nets out a mere $10 million or so based upon a currency conversion of 39.975 Rupees per 1 U.S. Dollar. This almost sounds more like a venture capital investment rather than a private equity transaction, but either way it is worth looking into.
Emergent Ventures provides solutions for the domestic and international carbon market. The investment by IDFC is intended to enhance Emergent’s South and Southeast Asia businesses and to build on its current abilities.
The investment is stated to be listed as “illustrates both companies’ commitments to environmental friendly and sustainable energy.”
frankly, the size of this isn’t important as the implications of bringing awareness of this trend for carbon offsets into the massive former third world countries we all refer to now as developing nations.
Carbon emission trading and other such activities are still heavily debated as far as the overall benefits since much of this is a zero sum game and since it merely sets the price of over-pollution. As far as the overall arguments on both sides, the jury is still out.
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