World's largest steelmaker China Baowu plans $7.7b carbon neutral fund

World's largest steelmaker China Baowu plans $7.7b carbon neutral fund

Photographer: SeongJoon Cho /Bloomberg

The world’s biggest steel producer China Baowu Steel Group has signed an agreement with partners on Thursday to set up a “carbon neutral” fund, targeting a total investment of 50 billion yuan ($7.74 billion).

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