17/09/2026
What if the climate-finance gap is not simply a shortage of capital but a shortage of investable ways to deploy it?
That was one of the questions we came away with from the Nordic Climate Finance Summit in Oslo.
There is no shortage of regenerative projects with compelling environmental outcomes. But impactability is not the same as investability.
Impact alone does not create demand. It does not guarantee revenues, ex*****on capacity or a business model capable of absorbing and returning capital. If regenerative solutions are going to scale, they have to become better at meeting the requirements of capital.
But the other side of that equation matters just as much.
Capital needs to become better at recognising what actually constitutes risk.
As our CCO Eva Teekens argued during the panel From Fragmentation to Function, we should not only ask what a climate solution replaces, but what it becomes dependent on.
A solution may reduce emissions while introducing new exposure to feedstock, supply chains, geography, subsidies, natural resources or a single market. Those dependencies are not ESG considerations sitting alongside the financial analysis.
They are part of the investment analysis.
This is highly relevant to what we are building at Jord. Our environmental outcomes matter: restoring degraded land, removing carbon and reducing fossil-fuel dependence. But they are not a substitute for a commercial model. We produce a renewable fuel that industrial customers need, and commercial demand is what gives the environmental proposition a pathway to scale.
The same thinking applies to finance. Different stages and risks require different forms of capital. The challenge is not always finding an investor; sometimes it is matching the right capital, risk, timeframe and commercial model.
Perhaps that is the infrastructure regenerative markets need most:
Better commercial models on one side. Better recognition of resilience on the other. And financial structures capable of connecting the two.
Thank you to Kaluiji and the Nordic Climate Finance Summit for convening the discussion, and to D. Le Page, Rubin, Böhme, Simonsen and Johansson, PhD, for a thoughtful panel.