LeapFrog plans US$500 million investment in Asian, African climate transition firms

LONDON: Sustainability-focused asset manager LeapFrog Investments said it plans to invest US$500 million in companies addressing climate change in Asia and Africa, with projects it hopes will reach up to 50 million low-income people.

LeapFrog said in a statement that the money would target investments to accelerate the transition to a low-carbon economy in the built environment, energy, mobility and food sectors. Analysis by LeapFrog suggested technologies including electric scooters in India and rooftop solar in Nigeria could cost 30 to 40 per cent less than traditional, carbon-intensive alternatives.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia in wary mood for US inflation, earnings testsSYDNEY : Asian share markets edged cautiously higher on Monday as investors looked ahead to a key reading on U.S. inflation and the start of another corporate earnings season.Bond markets were still shaky after a recent vicious sell-off drove yields to multi-year highs across the developed world, making e
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Oil eases ahead of China, US data, but OPEC+ cuts support marketSINGAPORE : Oil prices dipped in early Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, while expected crude supply cuts from Saudi Arabia and Russia supported the market. Brent crude futures fell 22 cents, or 0.3 pe
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »