The Carbon Trust has launched two initiatives to promote the transition to a low carbon economy. The government-funded organisation has announced the creation of a commercial subsidiary – Carbon Trust Enterprises – to develop low carbon business ventures. It has also launched a venture capital arm to invest in green technologies.

Carbon Trust Enterprises’ first commercial business is a three-way joint venture with Matsui Babcock Energy and Tridos Renewables called Connective Energy. The new firm will capture wasted heat at source and transfer it as steam or hot water to industrial or public sector consumers.

The venture capital fund will launch in the autumn and seek to raise £75m from institutional investors. The fund will invest in the renewables, biofuels and fuel cells sectors.

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ÐÇ¿Õ´«Ã½ Sustainable Design