The Chinese economy is growing fast, and so is the amount of carbon pollution it generates. But research shows that most Chinese people are worried about the climate and want to reduce emissions.

“This upswelling of interest in the environment is causing the government to become more and more concerned about it. So that’s good for us as a world, but it’s also a good investment opportunity,” says Doug Cameron of the U.S.-China Green Fund.

The investment fund is starting to finance Western startups developing low-carbon technologies and products that could be used in China.

“China is a great market opportunity for Western startup companies in areas such as environmental technology and sustainable agriculture,” he says.

To help get those products into the growing Chinese market, the fund also finances Chinese companies. For example, it’s invested in a company that manages properties where more than a million families live. Cameron says it could be a large buyer for products such as energy-efficient appliances, smart thermostats, or solar panels.

He says by working together, companies in both parts of the world can make money and reduce global warming.

Reporting credit: Sarah Kennedy/ChavoBart Digital Media.