“We have to be open about the fact that green products are often associated with higher costs today.”
(Photo: Blackrock)
Frankfurt The world’s largest asset manager, Blackrock, sees opportunities in the multi-billion dollar financing of the energy transition. “We are also available in Germany as a partner for managing the energy transition,” says Germany boss Dirk Schmitz to the Handelsblatt. “From our point of view, the task cannot be solved with public funds alone, it requires interaction with private capital.”
Global financial wealth is now $400 trillion. This means that more capital is available than ever before, which could also be used to combat climate change.
Blackrock showed what such an investment could look like at the end of last year: the US group, together with the previous shareholders, pumped 700 million euros into the Munich company Ionity, a so-called high-power charging network that allows drivers of all electric cars -Marks is accessible.
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