STARX Capital Markets Launches $100 Million Sustainable Futures Fund to Combat Climate Change

Launched in July 2024, the STARX Sustainable Futures fund has raised $100 million to support carbon reduction and renewable energy projects in developing economies.

The fund, which was formally launched in July 2024, has already raised over $100 million in commitments from institutional investors. The initiative focuses on funding projects that aim to reduce carbon emissions, increase access to renewable energy, and improve energy efficiency in developing economies. In its first phase, STARX is concentrating efforts on renewable energy projects in Africa, Southeast Asia, and Latin America, regions where clean energy access is still significantly underdeveloped.

Through its new fund, STARX is partnering with local governments, non-governmental organizations (NGOs), and private companies to ensure that these projects are not only financially viable but also bring tangible benefits to the communities they serve. "Our goal is to create a win-win situation," Robert Herro explained at a press briefing in Nairobi on July 20, 2024. "By investing in sustainable energy projects, we can both generate solid returns for our investors and contribute to the betterment of communities in regions where energy access is still a challenge."

STARX blends profitability with purpose through its Sustainable Futures Fund, aiming for both financial success and a more sustainable, equitable global economy.

Looking ahead, STARX remains committed to blending profitability with purpose. The STARX Sustainable Futures Fund is just one example of how the company is using its resources to drive positive change, both for its investors and for the world at large. As STARX continues to grow, it is clear that the company’s legacy will not only be defined by its financial success, but also by its contributions to a more sustainable and equitable global economy.

As Robert Herro concluded in his remarks at the August press conference, "At STARX, we believe that the future of finance is inextricably linked to the future of our planet. By taking action now, we can help ensure a better world for generations to come."