Nov. 28 (Bloomberg) -- Stiftung Mercator, a German public policy group, will spend 17 million euros ($23 million) over eight years to fund a new climate research institute.
Mercator and the Potsdam Institute for Climate Impact Research, or PIK, plan to set up the Mercator Research Institute on Global Commons and Climate Change in Berlin by the first quarter of 2012, PIK said in an e-mailed statement today.
The institute will provide research on the link between sustainability and economic growth, the statement said.
To contact the reporter on this story: Stefan Nicola in Berlin at firstname.lastname@example.org
To contact the editor responsible for this story: Reed Landberg at email@example.com