Leonardo DiCaprio takes on new role – as adviser to US$150 million climate change fund
- The environmentalist has agreed to support the ‘Climate Technology Fund’ to secure ‘a healthier future for our planet’
The Oscar-winning American actor Leonardo DiCaprio is set to become a backer and adviser to a US$150 million environmentally focused fund.
DiCaprio, 44, who has starred in hit films such as 1997’s Titanic, The Wolf of Wall Street (2013) and The Revenant (2015) – for which he won the Oscar for best actor – will help boutique investment firm Princeville Capital with its new “Climate Technology Fund”.
He has already raised US$100 million through his own Leonardo DiCaprio Foundation, set up in 1998, which provides funding to environmental projects such as species conservation and climate change.
However, a recent Intergovernmental Panel on Climate Change (IPCC) report indicated that the increase of private capital efforts towards the environment is key to preventing future environmental catastrophe.
Similarly, there is an understanding that future solutions will be technologically focused making investment in this sector increasingly important.
Tackling climate change requires an urgent ... shift in our energy use – and technology and private sector investments will play a critical role in securing a healthier future for our planet
“I am proud to support Princeville Capital as an adviser to [its] Climate Technology Fund,” DiCaprio said.