Companies pledge 0.1% of revenues for global renewable buildout

A new initiative aims to help finance renewable energy across the world by asking companies to donate 0.1% of their revenue, in turn drawing in billions of dollars from other investors, its founder told Reuters.

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Point One, launched on Wednesday with an initial 30 businesses, aims to raise at least $200 million by 2030 and use that to attract as much as $3 billion from institutional investors.