Joint venture looks to invest billions in 'natural capital' projects to help combat climate change
by Adam Morton Environment editor from on (#57CA3)
Founding partner says investing in the resilience of nature is investing in the resilience of the economy'
A push to better recognise the economic value of natural capital" - water systems, biodiversity, soil and carbon stores - has prompted the creation of what aims to be the world's largest investment firm dedicated to projects that help the planet.
Multinational financial services giant HSBC and Pollination, a boutique climate advisory and investment firm, announced a joint venture that they predicted would meet a multi-billion dollar demand for environmentally friendly investment beyond renewable energy.
Continue reading...