Fifth Wall launches $200m carbon fund in ‘pitchfork moment’

That is Brendan Wallace’s reasoning behind the launch this week of Fifth Wall’s $200m (£153m) Carbon Impact Fund. Speaking to EG, Fifth Wall’s co-founder and managing partner warns that 2020 will be the year everyone realises that, above all else, climate change is “a real estate problem” as he urges the sector to prepare for a “pitchfork moment”. He adds that as the general public, financial markets and regulators become increasingly focused on climate change, real estate – as the single biggest culprit – no longer has a choice when it comes to addressing its carbon footprint. Those who don’t change will not only be hit with huge financial penalties but will have to face the wrath of the world.