Mitsubishi Corp. is launching a USD1bn decarbonization fund with MUFG bank and other investors, which will focus on investing in startups with promising technologies in areas such as floating offshore wind turbines and sustainable aviation fuel. The fund will mainly target European and U.S. startups leading in these areas, and Mitsubishi aims to facilitate collaboration between them and Asian companies through its global business network. The Marunouchi Climate Tech Growth Fund will be managed by a jointly established management company, with investments ranging from USD20mn to USD100mn per startup.

Source: ESGNews