We have four new and distinguished Climate Bonds Advisory Panel members:
- Pedro Moura Costa, E2 environmental finance, co-founder EcoSecurities- Stuart Clenaghan, Eco System Services Limited and former Lehman/UBS fixed income manager- Jonathan Maxwell, founding partner, Sustainable Development Corporation- David Wood, Institute for Responsible Investment, Harvard University
Dr Pedro Moura Costa founder and exec chair of E2 environmental finance. Pedro was co-founder and former President of EcoSecurities, a listed carbon trading and clean energy investment company (bought by JP Morgan). Pedro helped develop two of the first carbon offset projects in the world in Sabah, Malaysia, and created the first carbon offset verification service worldwide. EcoSecurities registered the first CDM project in Brazil (2004), was the first issuer of CERs, carbon-linked notes (2005) and a securitised carbon portfolio (2007). Pedro has published over 80 articles and books on the subject of greenhouse gas mitigation and carbon trading, including participating as a Lead Author in the IPCC.
Stuart Clenaghan, principal at Eco System Services Limited. Stuart spent 23 years at Lehman Brothers and UBS as a fixed income specialist. He has extensive experience in all aspects of the fixed income markets including origination, trading, and sales. At Lehman he was head of European money markets and medium-term notes, and then head of Eurobond trading. At UBS he co-headed European sales and, from 1998 to 2004, was responsible for fixed income e-commerce. Since leaving UBS, Stuart has been an early-stage investor in sustainable forestry and environmental enterprises. His investments include the largest planted forest company in Uganda, a forest conservation private equity company, and a sustainable forestry management company in Peru.
Jonathon Maxwell, founding partner, Sustainable Development Capital. Jonathan has completed over 40 investment vehicle transactions over the last 12 years involving investment in real estate, infrastructure, private equity and listed securities. He has worked with a broad range of key stakeholders such as central and local Government departments in the UK and China, universities and financial institutions. Jonathan is a member of the Advisory Councils of the United Nations Environment Programme Green Economy Initiative and the Clinton Climate Initiative Climate Positive Development Programme. He was previously Director of Business Development for HSBC’s real estate and infrastructure investment arm.
Dr David Wood, Director of the Initiative for Responsible Investment (IRI) at Harvard University. The IRI is part of Harvard's Hauser Center for Nonprofit Organizations, promoting the development of the theory and practice of responsible investment through research, dialogue, and action. The IRI works across asset classes to build communities of practice around innovative responsible investment strategies and catalyze new opportunities and concepts in responsible investment. David has managed the production of a Handbook on Climate Change Investments across Asset Classes; the development of a Responsible Property Investing Center; field definition in sustainable emerging market SME investment; and research into the investor use of corporate reporting on non-financial information.
--------------------------------New Climate Bonds Initiative staff:Padraig Oliver, Research Manager. Padraig worked in Beijing on climate policy and carbon markets for 3 years. He initially coordinated a large EU-funded CDM capacity building programme in China before joining Ecofys Azure International in a policy research role. His work there included research on energy efficiency financing for the Chinese Government with participation from the EU, IEA and major international and Chinese banks. He also authored a paper for the IFC on ways to help local banks finance CDM projects. Other research work for various governments and NGOs included developing post-2012 sectoral agreements in China for emission reduction targets; identifying national appropriate mitigation actions for China; and analysing the role of the CDM in China's low carbon transition.
Charles Fisher has joined the Climate Bonds Initiative to help launch the Climate Bonds Standards Scheme. He was previously with Deutsche Bank in Collateral Management, then in Global Prime Finance, both in London and New York. Before that he was an Officer in the Armed Forces.
