"I think green VC is a very good candidate for 'best part of the capitalist system with the highest returns,'" Grantham said.is about 60% invested in early-stage venture capital. His plan is to raise that share to 70% "in a few years" and then place half of that pie in green undertakings. The foundation has averaged a 19% compounded return over the last 20 years, he added.
"Don't we all know that the top line of the greening of the economy is going to be much faster-growing than the balance of the economy? Of course we do," Grantham said.
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