Bales, Carter

New World Capital Group (former Managing Partner, Emeritus)

Carter Bales is Chairman of NewWorld Capital Group and a Founding Partner of the Firm. Before co-founding NewWorld, he was Managing Partner Emeritus of The Wicks Group of Companies, a private equity firm focused on the information industries. He co-founded Wicks in 1989 and was a Managing Partner until assuming the Emeritus role in late 2006.

Mr. Bales was a Director of McKinsey & Company from 1978 to 1998, where he held senior leadership positions, including founding the Firm’s practices in environmental management, information, and state and local government. He left McKinsey in 1998 but continues as an Emeritus Director and Senior Advisor to the Firm.

Early in his career, Mr. Bales served as Assistant Budget Director for the City of New York where he led the development of New York’s air pollution, solid waste management, and water supply programs, and developed the City’s program budgeting system.

Mr. Bales has been active in environmental matters for more than 35 years. In recent years, he has focused on climate change and how greenhouse gas emissions can be abated in cost-effective ways. In 2007, he worked with McKinsey to produce the report entitled Reducing U.S. Greenhouse Gas Emissions: How Much at What Cost? In 2008 and 2009, he worked with Project Catalyst and other initiatives in framing the economics of carbon abatement strategies.

Mr. Bales is widely viewed as an expert in the environmental field and has published articles and is in demand as a speaker on the topic. His latest article Containing Climate Change (co-authored with Rick Duke) appeared in Foreign Affairs (September-October 2008). He also serves on the boards of a number of leading environmental organizations, including The Nature Conservancy, the Center for Market Innovation at NRDC, and the Clean Economy Network.

Carter Bales graduated from Princeton University with a BA in Economics and holds an MBA from Harvard Business School. He received a Honorary Doctorate in Humane Letters from Skidmore College