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More Money Than Ever Is Flowing Into Climate Tech

The question now is, where and how is that going to pay off?

Biggest U.S. Battery System Connects To California's Grid
Photographer: Bing Guan/Bloomberg

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On Tuesday, two alternative asset managers—TPG and Brookfield—closed a combined $12.4 billion in climate investment funds. That’s more committed in one day than used to be raised in years.