Green Investing May Be a Bubble, Jeremy Grantham Says, But He’s Doubling Down

By Ben Steverman

Jeremy Grantham, co-founder of Boston investment company GMO, says the plan he laid out years ago to pour nearly his entire $1-billion-plus fortune into the climate change fight is working. He’s making lots of money, while recruiting other superwealthy people to pursue similar strategies that mix philanthropy and investing.

Grantham connects with fellow billionaires through nonprofits like Prime Coalition, which encourages foundations to invest in climate startups, and CREO Syndicate, which encourages the world’s richest families to explore green investing.

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