Global energy transition will require $4 trillion annually by next decade, BlackRock says
Publishing timestamp: 2024-04-22 01:12:10
Summary
BlackRock estimates that the world's green energy transition will require $4 trillion annually by the mid-2030s, calling for more public-private partnerships, especially in the Asia-Pacific region. There is still a major funding gap in what is needed annually by the next decade, and funds will require policy support and partnerships between governments and the private sector. Various factors such as blended finance, policy changes, and talent development are needed to reach the world's green financing goals.
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Keywords: blackrock inc, energy, environment, renewable energy, business news,
Source: https://www.cnbc.com/2024/04/22/energy-transition-to-need-4-trillion-annually-blackrock.html