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Leonardo DiCaprio is backing a $150 million climate fund

Leonardo DiCaprio is set to become a backer and advisor to a $150 million environmentally focused fund.

The actor, who has appeared in films like “Titanic” and “The Wolf of Wall Street,” will help boutique investment firm Princeville Capital with its new “Climate Technology Fund.” DiCaprio has alreadyraised $100 million through his own Leonardo DiCaprio Foundation, founded 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 scale up 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.

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