VC firms create $60 billion-plus climate tech alliance with backing from the UN

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VC firms create $60 billion-plus climate tech alliance with backing from the UN
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A coalition of more than 20 venture capital firms launched Tuesday with the goal of getting the VC industry to increase its commitments to climate tech.

The Venture Capital Alliance , a coalition of more than 20 venture capital firms, launched Tuesday with the goal of getting the VC industry to increase its commitments to climate tech.

Mark Carney, former governor of the Bank of England, is now the UN special envoy for climate action and finance.A group of venture capital firms including Tiger Global and Union Square Ventures on Tuesday set up an alliance aimed at making private tech investing more climate-friendly. According to a statement, the VCA's stated aim is to "ensure that methodology and metrics are at the heart of how we determine what is a good climate investment, and what investment will have the greatest positive effect on the mission to build tech for a regenerative world."

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