A group of international investors have announced the launch of the Climate Endowment, targeting European institutions. The ambition is to see inflow from both the public and private sector in order to achieve a size of EUR 20-40 billion of assets under management, according to a press statement.
"I believe there has never been a better time than now for the investment community to step forward and initiate this change," comments Dr. Mariana Bozesan, co-founder of AQAL AG, a Munich-based multi-family office, in the statement. "We only have eleven years left to fulfill the Agenda 2030, and we are convinced that transformation is feasible. The Climate Endowment is the most significant stepping stone at this point in time."
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