Abu Dhabi’s Neovision Sets Up $250 Million Carbon Credit Fund
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Abu Dhabi-based Neovision Wealth Management is setting up a $250 million fund to invest in the development of carbon credits in frontier markets.
The Global Carbon Credit Development Fund will focus on projects managed by investment firm Global Frontier Capital and will generate carbon credits, which are tradeable units of greenhouse gas emissions. The fund will be the first of its kind in the Middle East, the firms said.