LONDON - Vivienne Cox, former CEO of BP's alternative energy division, has been appointed chairman of Climate Change Capital, the clean energy fund said on Tuesday.

Climate Change Capital, a private investment fund with over $1.5 billion under management, develops low-carbon energy projects in Europe and Asia. It also advises firms on opportunities in clean energy and energy efficiency.

Climate Change Capital has already made a significant contribution to the global carbon, renewables and clean tech markets, and is doing what it set out to do -- to finance a reduction in carbon emissions and give investors a decent return, Cox said in a statement.

In December, Cox will replace Otto van der Wyck, who is stepping down after six years as chair. Cox was appointed executive vice president at BP in 2004 and in 2008 coordinated all of BP's activities in renewable energy.

(Reporting by Michael Szabo)