Dexia, a French-Belgian banking group, is launching a venture capital fund to invest in companies that mitigate global warming. The fund is raising 150 million euros to invest in projects in central and eastern Europe. Investors will earn carbon emission credits in addition to typical equity returns.
Bank Sarasin, a leading bank in Switzerland, is setting up a $113 million fund to finance renewable energy businesses worldwide. It plans to list New Energies Invest on the Zurich stock exchange by 2003. They plan to fund 10-20 businesses with a special focus on Germany and the U.S.
Merrill Lynch recently announced a $281 million fund to finance companies in this field, with a focus on publicly listed businesses.
For Dexia, contact envirobank@aol.com
Loading...