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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