Mitsubishi Corp., in partnership with MUFG bank and other investors, plans to launch a $1 billion decarbonization fund to invest in promising startups working on floating offshore wind turbines and sustainable aviation fuel. The fund will focus on European and US startups and aims to promote collaboration between them and Japanese and other Asian companies. The Marunouchi Climate Tech Growth Fund will be managed jointly by Mitsubishi and MUFG bank and will be expanded to $1 billion by April 2024. The fund will mainly invest in renewable energy, next-generation fuels, storage batteries, and other areas that directly capture carbon dioxide from the air. Mitsubishi also plans to put ¥2tn ($15bn) into decarbonization projects by fiscal 2030.
resource: https://esgnews.com/mitsubishi-and-mufg-team-to-launch-1-billion-decarbonization-fund-for-startups/