Climate VC Fund targets 'avoided emissions'

Climate VC Fund targets 'avoided emissions'
Climate VC Fund partner Rohan MacMahon. (Image: NZME)
Greg Hurrell
Auckland’s Climate Venture Capital Fund says “avoided emissions” will be a major benchmark to measure its success.The fund was set up in 2020 with the goal of investing in companies that will together reduce emissions by at least one million tonnes of CO2 equivalent (CO2e) for every $50 million invested over the life of the fund. A key part of measuring impact will be in “avoided emissions” from its portfolio companies’ business activities. These are sometimes known as scope 4 emissions.Climate VC Fund p...

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