TLDR:
Former Energy Minister Chris Skidmore has launched a new private investment bank called Desmos Capital Partners to support scale-up firms and emerging markets focused on net-zero ambitions and global initiatives. The firm plans to use creative financing structures and non-traditional investors to provide funding opportunities for companies in green sectors. Skidmore’s commitment to achieving a net-zero emissions economy is reflected in this venture.
Article Summary:
Former Energy Minister Chris Skidmore, known for his work on the Net Zero Review, has introduced Desmos Capital Partners, a boutique bank aimed at fueling scale-up ventures focused on net-zero goals and future technologies. Skidmore announced the firm’s mission during a recent speech and highlighted its unique approach to financing, which includes leveraging private family funds and non-traditional investors.
Desmos Capital Partners will initially operate in London and Paris, with plans for expansion to Dubai and Toronto. The firm will support green sectors such as clean heat, low-carbon transport, and green energy management. Skidmore’s political background, including advocating for a net-zero emissions economy, shapes the firm’s strategic focus.
In addition to launching Desmos Capital, Skidmore has called for a comprehensive roadmap to support net-zero businesses. He has also founded Better Earth, a consultancy that assists governments in climate policy planning. The introduction of Desmos Capital coincides with the government’s push for green investments, although challenges remain in meeting net-zero targets.
