Investment Firms Like KKR Need To Focus On Blockchain-Based Green Investments For The Future

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Parth Vig
Parth Vig is a Management student, and a keen observer of Cryptocurrency and blockchain technology, his interest in writing brings him to thecoinrepublic.com, He believes that he has many ideas that he pens down and he feels it would be a great asset for any kind of creative writing.
  • KKR recently closed its KKR Global Impact Fund SCSp that offers $1.3 billion in companies that focus mainly on providing commercial solutions to environmental and social problems. 
  • KKR needs to give more attention to the potential that blockchain can hold for society and the environment.

The world is burning, the environment is dying, and all we do is stand and watch. As the environmental crisis spreads its grasp, investors are pushing for opportunities to fund companies that provide ecological and social solutions to problems. One such example is a global investment firm, Kohlberg Kravis Roberts & Co. (KKR). KKR recently closed its KKR Global Impact Fund SCSp that offers $1.3 billion in companies that focus mainly on providing commercial solutions to environmental and social problems. 

KKR Global Impact Fund of $1.3 billion

The KKR Global Impact Fund is used to invest in companies in the low-mid market, providing solutions with some measurable impact into one or more environmental and social challenges identified by the UN, called the United Nations Sustainable Development Goals (SDGs). These SDGs help to bring together the community in recognizing the global issues that deter economic growth.

kkr

– Co-Heads of KKR Global Impact.

Some particular SDGs of interest to KKR Global Impact has been climate change, clean water generation and protection, waste management, sustainable development, healthier products and upgrading industry infrastructure to suit the eco-friendly needs of the present day. But the question arises whether funding green companies the best way to save the environment going forward? 

Can Blockchain-Based Projects Save The Environment?

In a time when disruptive technologies like blockchain are making significant changes across the globe in our financial system, there has also been a side of things were the same blockchain technology is being used to build solutions in various other sectors like automobiles, communication, renewable energy, etc.

One of the most interesting applications of blockchain technology in the renewable energy sector has been in clean energy trading. Blockchain technology allows for trading clean, renewable energy from between consumers and energy providers using digital assets representing an amount of energy production.

Consumers would be able to buy, sell, and exchange energy through a distributed ledger. Another strong application of blockchain technologies is in carbon asset trading, where recording prices for carbon-emitting assets on a blockchain and then trading them, would result in higher transparency to the public and ensure safe and legal transactions.

Distributed ledger technologies can also be used to track greenhouse gas emission reductions and prevent manipulation of records by double-counting reductions. This could help the global community advocating for climate change become more aware of where emissions are being cut and where they need to put more effort into reducing a carbon footprint. 

Blockchain Technology in UN Sustainable Development Goals

Innovative developments like the ones mentioned above use blockchain technology to secure and decentralize in the solutions that work towards meeting the SDGs, and investment firms like KKR need to give more attention to the potential that blockchain can hold for the society and the environment.

One of the core ideas in investment is investment diversification, where investors pump money into a diverse number of opportunities to mitigate risks while providing sound financial returns. Investing in blockchain while the field and its applications are still developing is the right way for large firms like KKR to move forward and “diversify their hope” for a clean and ecologically secure future.

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