Climate Change Capital creates world's largest private carbon fund

CCC has already raised $830 million in three months, and expects the total to top $1 billion by the second close. Investors include ABP and PGGM, two of the world's top five pension funds, plus the UK-based international energy group Centrica, and a global emerging markets banking group.

The money raised will be invested in projects principally in developing countries that will lead to reductions in the amount of greenhouse gases (GHG), and specifically carbon, being emitted into the atmosph