Finnish finance heavyweights question government climate fund plan
The Finnish government has proposed creating a state-owned climate fund, but finance industry heavyweights point out that investment tools to combat climate change already exist in the private market.
In January, the Finnish government proposed creating a state-owned climate fund, which would support new climate-friendly technologies, reduced emissions, and eco-friendly development of Finnish industries. The fund would be based on and use the investment returns of the Finnish State Development Company (Vake).
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