GE, Abu Dhabi fund strike global partnership
NEW YORK, NEW YORK - General Electric Co. and an Abu Dhabi-based sovereign fund have agreed to a global partnership that includes a commercial finance business, research center for clean energy and water, and plans to expand GE's aircraft engine service and repair in the Middle East.
GE and Mubadala Development Co. plan to each allocate $4-billion (US) in equity to the commercial finance venture over three years.
Mubadala is a sovereign fund based in Abu Dhabi, the capital of the United Arab Emirates.
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Since 1990 there's been an increase of 43% in the warming effect on the climate of long lived greenhouse gases.
The WMO report looks at concentrations of warming gases in the atmosphere rather than just emissions.
The difference between the two is that emissions refer to the amount of gases that go up into the atmosphere from the use of fossil fuels, such…