BERLIN (Reuters). A newly launched climate technology fund aims to raise a total 350 million euros (407 million dollars) in order to invest in startup innovations that could help to end the global crisis.

World Fund was launched by Ecosia on green search engine Ecosia. On Tuesday, it announced that more than half of the investment goal had been met and that World Fund had made its first investments. They didn’t identify any beneficiaries.

World Fund will be Europe’s largest climate fund if it achieves its target. The World Fund has already attracted around 60 investors.

Christian Kroll from Ecosia, the founder said to Reuters TV that his goal is “to solve climate change.”

Ecosia, a Berlin-based search engine for non-profits that helps people find their way around the web, uses its advertising revenue to fund tree planting projects all over the world.

World Fund announced that they would employ their own methods to assess which companies are capable of reducing carbon dioxide emissions in order to identify those with the greatest potential.

Fund stated that the ultimate goal was to reduce 2 gigatons emissions by 2040.

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