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Climate Investment Incubator Branches Out Into Cloud Forests, Cattle Ranches





Latin American cloud forests, energy-saving street lights in Rio de Janeiro and sustainable cattle ranching in the Amazon will get a boost from new financial instruments to channel capital for tackling climate change, their backers said.

The Lab, a network of programs that incubates sustainable finance mechanisms, expects to attract an initial $855 million to six investment vehicles launched in New York on Wednesday, and is hoping to pull more private capital into its projects.

Barbara Buchner, a climate finance expert who directs The Lab, told the Thomson Reuters Foundation mainstream investors have shown growing interest in climate change projects in the read more >>>

Source:: VOANews.Com

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