Wednesday, 8 September 2010

UK launches green finance initiative

The British government launched an initiative yesterday to unlock new
investment in low-carbon technologies and make London a global hub for green
finance. The launch of the Capital Markets Climate Initiative (CMCI) is being marked
by an event at the London Stock Exchange. Policymakers and investment banks
will meet to discuss obstacles to cleaner energy. The CMCI aims to help meet
the US$100 billion (US$1 = RM3.12) of new investment needed a year by 2020
to tackle climate change in developing countries, the department of energy
and climate change said.

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