The Climate Fund will be focused on technologies and companies working on accelerating carbon dioxide reduction.
"We think there's going to be a tremendous amount of disruptive innovation in these areas," especially at startup companies, said Jim Adler, founding managing director of Toyota Ventures.
Imran says Pakistan will be hosting the “World Environment Day” on June 5 which shows the government's dedication to addressing the challenges of climate change
Pakistan is amongst the ten countries which are most vulnerable to climate change: Premier
Cyclones are a regular menace in the northern Indian Ocean but many scientists say they are becoming more frequent and severe as climate change warms the waters of the Bay of Bengal and Arabian Sea.
Exxon holds its annual shareholder meeting on Wednesday and investors have the option of changing their votes until then.
The International Energy Agency (IEA) has said investors should stop funding new fossil fuel projects if they want to cut greenhouse gas emissions by 2050.
The ECB study is part of a broader analysis of the risks that climate change poses to the financial sector, ranging from physical damage to changes in regulation or in consumer preferences.
"This may become increasingly relevant if emissions are not effectively reduced in the long run and if firms and economies fail to adapt to climate change," the ECB said.
