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April 2, 2024

In Charts: Energy transition pushes private climate funds into high-emitting sectors

electric vehicle battery production in Germany
Many of the most important technologies needed to facilitate the push to net zero come from high-emitting sectors such as the production of EV batteries (Photo: Krisztian Bocsi/Bloomberg)

The number of funds with names referring to climate has jumped in recent years

Private funds with names referring to the climate are highly concentrated in carbon-intensive sectors including utilities and industrials, shows research by data provider MSCI, as areas like renewable electricity entice investors interested in the energy transition.

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