RE Business
Venture Capital Fund Fifth Wall Raises $500 Million To Fund Decarbonizing Real Estate
Fifth Wall is a Venture Capital fund that specializes in Real Estate Technology in emerging markets across the world. Recently the firm has begun a fund focus on climate tech which is quickly becoming an integral driver in the real estate industry. As governments across the globe push for carbon neutrality, organizations in real estate are beginning to invest in carbon neutral products geared to reduce or offset their emissions.
According to the firm, the fund is officially the largest carbon neutrality fund in the world for the real estate sector. The United Nations has released data that the Real Estate industry makes up 40% of the world’s carbon dioxide emissions. The fund is focused on allocating capital into hardware, renewable energy, energy storage, smart buildings & carbon sequestration technologies.
As holders and owner operators in the Real Estate sector begin to allocate into carbon reducing technologies, their return on investment is questionable. With time, we hope to see renewable energy & other resources become a bottom line revenue producing asset.
This post is based on the opinion of writers at Real Estate Today.
