WASHINGTON, DC/SYDNEY (22 March) – C-Quest Capital is proud to announce leading environmental finance investor Mark Woodall has joined as its Chief Investment Officer, having served for the last year as a Senior Adviser to the Company.
Sydney-based Woodall has a long track record in environmental investment, as a founder of Impax Capital in 1994 and Climate Change Capital in 2002. He has been an adviser, investor, or principal in around 100 clean technology transactions throughout his career, overseeing the deployment of more than $5 billion of capital.
“Mark joins C-Quest as our operations are set to ramp up, following the recent signing of our agreement with Macquarie Group to finance the distribution of cookstoves to more than one million homes across Africa, yielding more than 40 million emissions offset units by 2030 and transforming the lives of more than five million people,” says C-Quest founder and CEO Ken Newcombe.
“Mark’s skills and experience bolsters C-Quest’s position as a major player in the rapidly growing voluntary carbon market and will help us to scale up our work in delivering impactful changes to the world’s poorest and most vulnerable,” he adds.
In the mid-2000s, Woodall and Newcombe worked together at Climate Change Capital, where Woodall was a co-founder and CEO and Newcombe Vice Chairman and Co-Head of the Carbon Finance Business, jointly running the world’s largest private-sector carbon fund.
“The carbon market is alive with opportunities for investment, and we have an opening to significantly transform people’s lives with the smart deployment of capital,” says Woodall.
“Building on its work over the past decade, C-Quest is in a prime position to make the most of these opportunities and is an attractive partner for investors, as the deal with Macquarie shows. I look forward to being a part of that next chapter with C-Quest Capital and working closely with Ken again.”
To date, C-Quest Capital has delivered improvements to the lives of more than 20 million people across sub-Saharan Africa, Central America, and South and Southeast Asia, while reducing in excess of 3 million tonnes of CO2. The firm’s projects are designed to deliver maximum impact and benefits beyond emissions reductions, such as improved health and women’s empowerment. For more information, please see cquestcapital.com.