Circulate Capital, in partnership with leading global corporations including PepsiCo, Procter & Gamble and Unilever, has committed to investing half of its $112 million Circulate Capital Ocean Fund (CCOF I) into India.

While billionaires like Bill Gates and Warren Buffett only offer parts of their wealth, Chouinard, also a rock climber and craftsman, has transferred the total ownership of his outdoor apparel company Patagonia — which earns nearly $100 million in profits — to a specially designed trust and an NGO, to fight the climate crisis.

Aside of energy transition, Adani also intends to focus on the Digital Transformation space by building green data centers.

Emission reductions and removals are converted into tradable assets through a carbon market. This implies that an industrial unit that surpasses the emission criteria is eligible to receive credits. Additionally, it would give struggling units the opportunity to purchase credits and demonstrate compliance. In simpler terms, a carbon market will create incentives to reduce emissions or improve energy efficiency.