World Bank, U.K. Back $154 Million Climate Fund Investment
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The World Bank’s International Finance Corp. and the U.K. government will back a private-equity fund with about $154 million to invest in companies that are developing technology to tackle climate change.
The IFC board approved as much as $75 million and the U.K. 50 million pounds ($79 million) for the fund, the IFC, based in Washington, said today in a statement.