Climate Real Impact Solutions II ^{Priced, NYSE: CLIM.U}

Decarbonizing the atmosphere is the moral imperative of our time and, if the worst consequences of global warming are to be averted, the private sector must step up and play a pivotal role. Indeed, decarbonization is a foundational imperative for the 21st century economy. Increasingly, consumers are demanding the use of decarbonizing technologies, companies are making dramatic shifts to renewable energy and sustainable procurement, and U.S. state and city governments are enacting pro-climate environmental standards and regulations. Notwithstanding shifting political dynamics in certain countries, the Paris Agreement of 2015 crystalized the intent of 197 global governments to set standards and objectives for massive carbon emission reduction and avoidance, further accelerating investment in and scaling of decarbonizing technologies. The Global Carbon Project estimates global carbon emissions at approximately 40 billion tonnes per year. Concurrently, the International Monetary Fund (“IMF”) estimates the cost of avoiding carbon emissions at roughly $50 per tonne. Therefore, avoiding additional CO2 emissions, through substitution, replacement and avoidance (collectively, “Avoided Carbon”) represents an economic opportunity of approximately $2 trillion per year.