Singapore Fund Seeks $168 Million to Provide Millions of Stoves to Poor Families in India and Africa
A Singapore-based money manager plans to raise as much as US$125 million (S$168 million) to supply energy-efficient stoves to families in India and Africa, and will generate returns for investors by selling carbon credits.
The Improved Cook Stoves Carbon Fund will be managed by Singapore’s Impact Capital Asset Management (Icam), which has partnered with EKI Energy Services.
Photo courtesy of Pruthvi Sagar A R.
Source: The Straits Times (link opens in a new window)