BlackRock's head of Nordics hopes to develop more products with Nordic investors to strengthen net-zero transition

For emerging markets to achieve net-zero emissions by 2050, more investments are needed. At BlackRock, Head of Nordics Elisabeth Sterner hopes that the world's largest asset manager can develop more sustainable products with Nordic investors, who she says are "really at the forefront in terms of sustainable investing."

Elisabeth Sterner, head of Nordics at BlackRock. | Photo: PR/Håkan Målbäck

This week, as world leaders gathered for the COP26 summit in Glasgow, BlackRock announced that it had achieved a USD 673m fundraising round for a public-private finance vehicle targeting carbon reduction in emerging markets.

According to the USD 9,464bn asset manager, public-private partnerships are essential in emerging markets as these regions generate 34 percent of global carbon emissions (excluding China). However, these countries don't have the capital to transition to net-zero.

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