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Getting climate, energy & environment news right.

The Investment Firm That Keeps Raising Giant Climate Funds

Amrith Ramkumar of The Wall Street Journal reports on a green energy investment fund that continues to grow.

The C3 Take
  • From shuttered off-shore wind to delayed solar energy projects, the renewables sector had difficulty in 2023.
  • Despite this, Brookfield Asset Management is continuing to grow and plans to raise $25 billion for two new private funds investing in clean energy.
  • Its $10 billion green fund will invest in a range of global projects, including a wind farm in the U.K. and solar developers in India.

“Total global investment in the energy transition hit about $1.8 trillion last year, a 17% increase from 2022, according to BloombergNEF. That was still far short of the $4.8 trillion the data provider estimates is needed annually from 2024 to 2030 to meet the world’s climate targets.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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