The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Multani: Climate tech was not uniquely overextended during the bull market
“I think what I'd say is I don't want to tag us in the climate tech ecosystem as being sort of uniquely guilty of getting out over our skis.”
Multani: Rising offtake prices cushion clean energy infrastructure from rate hikes
“The reason why I think the impact won't be as big is as you think about the contracts that get struck, right? It's a function of your ultimate spread is a function of your offtake minus your input costs. And so, and one of your input costs is going to be cost …”
Multani: Climate transition is fundamentally a capital stock turnover challenge
“Climate is at its core a capital stock turnover problem where we need to deploy Ultimately, pretty low-cost capital. The corpus of it needs to be in order to turn over our brown infrastructure and make it green.”
Multani: Pre-revenue climate startups raised public money at very low capital costs
“There was clearly a appetite for
You know, just the supply-demand drove the cost of capital for some of these growth companies, these early-stage companies that might be pre-revenue, certainly
Pre-cash flow.
They were able to raise money to fund those cash flo…”
Multani: ESG fund flows are proving more resilient than conventional flows
“The ESG fund flows, the ones that can go back and forth, have actually been more resilient. Look, everything is down, right, but have been more resilient than conventional fund flows.”
Multani: Corporate willingness to voluntarily pay green premiums will get tested
“The appetite to spend to internalize an externality that you're not forced to through some regulatory regime, right, inevitably through some policy regime, I think will absolutely get tested.”
Multani: Over 600 SPACs raised in 2021 included substantial climate focus
“There were like over 600 SPACs raised in twenty-twenty-one. It was, you know, a good chunk of them were climate tech related.”
Multani: Persistent inflation and rapid rate hikes drive hard landing fears
“I think ultimately the rate rises and people internalizing what those meant after so many years of persistently low rates, and given how persistent inflation is, the reality that we're going to have to Potentially I do this faster than people thought. I think …”