SINGAPORE (May 20): A new global exchange and marketplace for high-quality carbon credits is set to launch in Singapore by the year end, backed by banks DBS and Standard Chartered, Singapore Exchange, and state investor Temasek Holdings Ltd, the companies said on Thursday.
Under increasing pressure to cut carbon emissions and lay out sustainability plans, firms need carbon credits to offset emissions they are unable to remove from their operations.
A global private sector task force on scaling up the voluntary carbon market said last year the market would need to grow 15-fold to around two billion tonnes of carbon credits a year by 2030, with new trading products needed to enable companies to meet goals set under the Paris climate agreement.
Cabless pod developer Einride raises $110M from new and existing investors
Scaling is priority but not thinking about going public yet
0 4 2 minutes read Cabless autonomous pod developer Einride raised $110 million in a Series B funding round. (Photo: Einride)
Sweden-based Einride, whose driverless and cabless freight pods run on electricity, has raised $110 million in a Series B funding round.
First-time investors include Soros Fund Management LLC; Singapore’s Temasek Holdings Ltd.; Maersk Growth, the corporate venture arm of A.P. Moller – Maersk; and U.K. early-stage venture capital fund Northzone.
Existing investors EQT Ventures, Plum Alley, Norrsken VC, Ericsson and NordicNinja VC also participated in the round.
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HONG KONG (Reuters) - Chinese private equity firm Boyu Capital, an investor in Chinese technology titans including billionaire Jack Ma’s Ant Group, is raising a new, China-focused fund targeting as much as $6 billion, three people with knowledge of the matter said.
FILE PHOTO: The logo of Boyu Capital is seen at the company s office in Hong Kong, Dec. 11, 2013. REUTERS/Tyrone Siu/File Photo
Its fifth and largest U.S. dollar-denominated fund is likely to close in the near term, said one of the people, who declined to be identified as the information is confidential.
Boyu did not immediately respond to a request for comment.
Exclusive: Ant investor Boyu Capital targets $6 billion for new private equity fund: sources yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
By Kane Wu HONG KONG (Reuters) - Chinese private equity firm Boyu Capital, an investor in Chinese technology titans including billionaire Jack Ma's An.