Tag: reuters

Emerging markets need $1 trln a year to get to net zero – BlackRock

Rueters report that emerging market economies need $1 trillion a year of public and private finance in order to transition to a low-carbon economy/net zero in the fight against climate change, a report from asset manager BlackRock (BLK.N) said. Quoting that article, this figure is a sharp increase on a United Nations target to mobilise $100 billion a year, BlackRock said in a report, adding emerging markets were "essential" to ensure the world succeeds in limiting global warming. The issue is expected to form a central plank of discussions at the next round of global climate talks, due to start in Glasgow on Oct. [...]

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