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Article

12 Sep 2006

Author:
Saeed Shah, Independent [UK]

Centrica gives backing to £450m 'clean energy' fund [UK]

Climate Change Capital, the specialist bank, has raised by far the largest private sector fund dedicated to investment in clean energy and reducing greenhouse gas emissions, with Centrica and two...pension funds [ABP & PGM] among the investors… Most of the money will be invested in the developing world…Only the World Bank has raised more money to put into the low carbon economy…For Centrica, it means access to carbon credits from China that it can use to offset greenhouse gas emissions that are produced by its UK power stations…which produced 6.4 million tonnes of carbon dioxide last year.