The growth fund will be able to make direct equity investments in green companies and offer them debt
Advertisement 5It will also be allowed to invest in contracts for difference, a term that would allow the fund to backstop companies that are worried about a future drop in the price of carbon credits.
Hamilton said while PSP investments is arms length on paper it does have a pretty direct tie to the government that will be difficult for it to ignore if it moves away from their focus. A backgrounder the government has provided on the Growth fund said it will fund carbon reducing technology that hasn’t yet been widely adopted, companies that are in early stages of development with less mature technologies and low-carbon natural resource development.
“We got to get this up and running fast. We need to figure out how we’re going to do this properly. And to do this properly. We need to have the governance structure and people with the expertise to deploy these funds properly,” he said.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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