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Climate Change

Mitsubishi Corp. to launch $1bn decarbonization fund for startups

Japanese trading house eyes floating wind turbines, sustainable aviation fuel

Japanese trading house Mitsubishi Corp. plans to launch a fund to invest a total of $1 billion in startups with promising technology in decarbonization. (Source photos by Shinya Sawai and Kai Fujii) 

TOKYO -- Japanese trading house Mitsubishi Corp., together with MUFG bank and others, will launch one of the largest decarbonization funds in Japan, Nikkei has learned.

The fund will invest a total of $1 billion in startup companies with promising technologies in areas such as floating offshore wind turbines and sustainable aviation fuel.

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