Blackrock participates in climate fund for emerging countries

Frankfurt There is apparently a great deal of interest in investments in climate protection infrastructure on the part of governments and institutional and private investors. According to the financial group Blackrock, the sum of 673 million dollars has now been collected for a fund under the Climate Finance Partnership (CFP).

The global consortium – consisting of 22 donors – was able to exceed the original target of 500 million dollars, explains the world’s largest asset manager. It takes an estimated trillion dollars a year to achieve the transition to a carbon dioxide-neutral global economy with climate protection projects in developing and emerging countries. In 2020, however, only 150 billion were invested, not including China.