Chinese tech behemoth Tencent is extending around 100 million yuan ($13.9 million) to fund technologies that prevent carbon dioxide emissions and suck the greenhouse gas from the atmosphere in a decarbonisation move that looks beyond solutions such as renewable energy and electric vehicles (EVs).
“Renewable energy, electric vehicles, and nature-based solutions are all examples of such bright spots,” said Xu Hao, Tencent’s vice-president of sustainable social value and head of Tencent’s Carbon Neutrality Lab, in an article published on Thursday, referring to conventional green technologies. “However, these solutions will not be enough.”
Source: TRADE FINANCE
