Briefing

BlackRock leads US$500-million fundraise for infrastructure retrofits to mitigate climate change

Members of the Climate Finance Partnership, a group led by BlackRock that includes France, Germany and the Hewlett and Grantham charitable foundations, will provide the first US$100 million, which will be used as a safety net for possible losses incurred by other institutional investors for the remaining US$400 million. The fund will focus on projects in Africa, Southeast Asia and Latin America. (The Logic)

More Briefings