Photo by Tyler Casey on Unsplash
A zero-carbon technology investment fund, jointly launched by IDG Capital and Hong Kong’s sole piped-gas supplier, Hong Kong and China Gas Company (Towngas), has raised 5 billion yuan ($713.4 million) as China ramps up efforts to meet its goal of achieving carbon neutrality by 2060.
The Zero-Carbon Fund, first revealed in January 2022, had a target of raising 10 billion yuan ($1.4 billion) in total, with 5 billion yuan expected for its first close.
