Because of the Paris Climate Agreement, municipalities must halve their CO2 emissions over the next ten years. To achieve this, sustainable investments are needed. Sometimes this goes wrong, like this spring in Rotterdam. This is the first of a two-part series.

The green start-up fund Guide Plus Sustainable Investment Fund has run into problems now that two shareholders are either unable or unwilling to provide capital. The first shareholder who did not pay the promised amount to be able to claim the shares in the start-up fund is R… He was supposed to deposit €20 million, divided between two companies, one of which is a London-listed fund, ComCap International Limited. In this fund R. was supposed to deposit €10 million. In his other company R. was also supposed to deposit €10 million. The money was to come from the world’s largest hedge fund, Bridgewater.

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