In brief: LeapFrog targets $500m in climate spend

LeapFrog Investments will invest $500 million into climate-related emerging markets businesses, the firm said on Monday. CEO Andy Kuper was taking part in the US-UK Climate Finance Mobilisation Forum, hosted by US special envoy on climate John Kerry and UK secretary of state for energy security Grant Shapps, at which the firm made the announcement. Also present at the event were US President Joe Biden and King Charles III.

NPM subscribers read about LeapFrog’s jump into climate investing in November last year. This announcement gives a sense a clearer indication of the scale of its programme.