The COP29 UN climate summit released a first draft deal Thursday which puts at least $1 trillion of financing on the table, yet key details on where that money will come from still need to be ironed out.
Colombia is hurrying to land a deal with the US that would unlock the first tranches of cash for a $40 billion climate investment plan before Donald Trump takes office. If that push fails, then China could be an option.
Mirova SA, which manages assets worth about €31.9 billion ($34 billion), plans to expand in Asia to tap the region’s growing pool of energy transition-related investments.
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