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Climate change: ‘We need private capital’ for riskier green projects, Apollo co-founder says
GLASGOW — Craig Cogut made a name on Wall Street as the co-founder of Apollo Global Management, amassing a fortune on distressed-to-control takeovers and lucrative real estate deals. These days, he’s more interested in a different kind of distress: The climate crisis and opportunity to build resilience in the Global South. “If the goal is to address … Continued
GCF Board accelerates climate finance ahead of COP26 meeting, approving USD 1.2 billion for new adaptation and mitigation action
The Green Climate Fund (GCF) Board has approved 13 new projects for mitigation and adaptation action, allocating USD 1.2 billion in GCF resources for climate action – a record amount for a single Board meeting. The new projects bring the total size of the GCF portfolio to USD 10 billion, representing USD 37.2 billion in … Continued