HedgeCo.net (West Palm Beach) – Richard Bookbinder is launching TerraVerde Capital Partners LLC, one of the first ”green” hedge fund of funds in the United States. Bookbinder is Managing Member of Bookbinder Capital Management, a New York-based hedge fund of funds, and a founding Principal of Sandler, O’Neill & Partners, L.P.

TerraVerde allocates capital to hedge funds devoted solely to reducing carbon emissions through clean-tech, renewable energy and other environmental sectors such as carbon trading, energy, solar, wind, water, reforestation and more.

”We’re in the early stages of a long-term, multi-generational growth cycle for carbon reduction strategies,” Bookbinder said. ”TerraVerde is focused on those green strategies that are capitalizing on the business potential driven by the need for energy security and clean energy use.”

While managing one of Bookbinder Capital’s other hedge fund of funds, Bookbinder studied the emergence of investment opportunities in the ”green” space. After an in-depth analysis of the industry, including meeting with hedge fund managers, green private equity funds, scientists, historians, and others, he came to the realization: investment funds with an environmental focus offer sufficient, attractive long-term investment opportunities to dedicate an entire strategy focused solely on the “green” space.

Alex Akesson

Editor for HedgeCo.net
alex@hedgeco.net

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West Palm Beach (HedgeCo.net) – The California Air Resources Board has adopted the world’s first Low Carbon Fuel Standard (LCFS), once implemented it can dramatically reduce the environmental impact of transportation, the Environmental Defense Fund says.

The Environmental Defense Fund believes the standard is an important hedge against higher, future conventional fuel prices. By helping develop better and cheaper alternative fuel production methods, low carbon fuels will become increasingly more affordable than gasoline as increasing crude oil prices take hold, the fund believes.

"While achieving the 2020 goal will require expenditures, this measure is an investment that will yield extensive returns through fuel diversification, increased resilience to fuel price fluctuations, independence from foreign fuel sources, and development of emerging businesses."

The low-carbon fuel standard is an important tool to help California transform its fuel mix. When coupled with an economy wide cap on emissions that includes the transportation sector, the California Low Carbon Fuel Standard represents the ultimately cost effective and technologically feasible way to transform our transportation sector and meet carbon reduction goals.

Environmental Defense Fund, a leading national nonprofit organization, represents more than 500,000 members. Since 1967, Environmental Defense Fund has linked science, economics, law and innovative private-sector partnerships to create breakthrough solutions to the most serious environmental problems.

Alex Akesson

Tags: accredited-investors, air resources board, breakthrough solutions, california air resources, california air resources board, carbon fuel, carbon fuels, carbon reduction, conventional fuel, crude oil prices, environmental defense fund, fuel mix, fuel production, hedgeco, national nonprofit organization, price fluctuations, private sector partnerships, reduction goals, transportation sector