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Article: CHINA-UN FOUNDATION-CLEAN ENERGY VENTURE CAPITAL FACILITY.
- Article from:
- China Business News
- Article date:
- August 16, 2002
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UN Foundation awards USD 4.35 mln to Chinese clean energy financing, establishes first venture capital fund
Shanghai. August 16. INTERFAX-CHINA - The United Nations Foundation last week announced in the US capital Washington that a USD 4.35 mln grant had been awarded to China to help finance sustainable energy and climate change initiatives in the country. The grant will be used to create China's first clean energy venture capital facility, support China's implementation of the Kyoto Protocol and establish cost-effective energy conservation programs.
"I am pleased to announce this latest round of grants that will go to help China combat global warming ...