BMU and KfW Set Up Global Climate Protection Fund

The Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) and the state-owned KfW development bank signed an agreement which launched a global climate protection fund.

The fund will promote small and medium-sized enterprises as well as private households in developing countries and emerging markets, which invest in energy efficiency and renewable energies. BMU and KfW pledged intial funds of USD 100 million. In addition, the funds plans to target international public and private investors to increase fund volume to USD 500 million over the next five years.

Source: Federal Ministry for the Environment, Nature Protection and Nuclear Safety (BMU)

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