Apollo Global Management Inc (APO.N), a manager of alternative assets, launched a sustainable investing platform on Thursday, targeting the deployment of $50 billion in decarbonization and energy transition opportunities over the next five years.
The new platform underscores the opportunity that Apollo sees in providing capital to companies focused on clean energy and moving away from fossil fuels, as the world tries to limit the rise in global temperatures to 1.5 degrees Celsius to avoid the most catastrophic effects of climate change.
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