InfoSpi to create USD500m green hedge fund
InfoSpi is to create a green hedge fund focusing on the carbon credit market.
InfoSpi believes that demand for carbon offset credits will grow and there is a niche to generate investment revenue.
Newly appointed Prince Carlos, who is heading up the fund, says: "We will fund the development of our projects from the revenue generated by the sale of the carbon credits that we have created by our technology for companies that need them to offset their emissions, almost like a closed loop.
"This differentiates us from other hedge funds, as we control the production of the CO2 credits and therefore channelling the carbon 'tax' back as a solution to the problem. Of course the ultimate goal is to bring about change in how we capture and eliminate the emissions from our industrial demands."
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