Companies to make millions from tackling climate change ...Middle East

Private companies are investing vast sums of money in projects that help tackle climate change as the market for carbon removal is increasingly being seen as a potential money-spinner. On Tuesday, Cultivo, a public benefit corporation, announced it had raised $14 million in its first institutional investment round to regenerate 100 million hectares of land that is anticipated to remove three gigatons of carbon dioxide from the atmosphere—over half of America’s emissions in 2021. Much of that came from venture capital firms that invest in technology companies, but Cultivo has also signed an agreement with utility firm Octopus Energy for a further $40 million in direct funding for projects,

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