Climate Change

BlackRock Unveils Path to Unleashing $4 Trillion Investment Boom

Researchers working inside a unit of BlackRock Inc. estimate that a reform of public financial institutions could free up as much as $4 trillion in additional investment to help emerging markets tackle the fallout of climate change.

In a paper published on Tuesday, the BlackRock Investment Institute laid out how it thinks a reform of multilateral development banks (MDBs) such as the World Bank might allow them to make better use of the capital at their disposal. Doing so would play a key role in filling the so-called climate financing gap that emerging markets currently face, BlackRock said.

Read more: https://www.bloomberg.com/news/articles/2023-11-28/blackrock-unveils-path-to-unleashing-4-trillion-investment-boom

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