World Bank will raise $5.5 billion cleantech funding with the U.S., Britain and Japan
Not content to let VCs and private investors have all the fun, the World Bank, U.S., Britain and Japan have announced they will raise at least $5.5 billion for two climate change funds — a cleantech fund, which will begin with $5 billion, and one for research and development, with $500 million. The cleantech fund, which will be supported by 40 developing and industrialized countries, will help poor countries gain access to clean technologies.
The World… Continue Reading