Climate Change Capital creates world's largest private carbon fund

Climate Change Capital (CCC), a UK-based investment bank that focuses on clean energy and a low carbon economy, has created the world's largest private sector 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

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