ET Year-end Special Reads
The company’s 360 Life II fund will focus on ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/wealth/invest”>investments in areas such as ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/small-biz/renewable-energy”>renewable energy, hydrogen and reducing pollution and waste.
Why it’s important
The fund-raising comes as countries around the world face up to the impact of ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/climate-change” target=”_blank”>climate change and global warming.
Data from European Union scientists this month showed that 2024 will be the hottest year since records began, while an agreement at November’s COP29 summit to set aside $300 billion annually by 2035 to finance tackling climate change has been criticised by some for being insufficient.
By the numbers
Discover the stories of your interest
Italian investment company ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/a2a” target=”_blank”>A2A has committed 40 million euros to 360 Capital’s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/climate-tech-fund” target=”_blank”>climate tech fund, while Italian electrochemistry company rel=”dofollow” href=”https://economictimes.indiatimes.com/de-nora-india-ltd/stocks/companyid-12747.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>De Nora has committed 10 million euros. France’s state-owned investment firm ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/bpifrance” target=”_blank”>Bpifrance has also invested in the fund.
Key quote
This initiative represents a crucial step for us, as we firmly believe that it is essential to increasingly open up to innovation in order to tackle the climate challenges that our planet is facing,” said ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/de-nora” target=”_blank”>De Nora CEO Paolo Dellacha.

































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