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Global energy transition will require $4 trillion annually by next decade, BlackRock says
BLKBlackRock(BLK) CNBC·2024-04-22 05:12

The BlackRock logo is seen outside of its offices in New York City.Brendan McDermid | ReutersBlackRock estimates that the world's green energy transition will require 4trillionannuallybythemid−2030s,callingformorepublic−privatepartnerships,especiallyinAsia−Pacific.TheforecastcomesfromBlackRock′slatest"InvestmentInstituteTransitionScenario,"whichanalyzeshowthelow−carbontransitionismostlikelytoplayoutanditspotentialimpactonportfolios. The4 trillion annually by the mid-2030s, calling for more public-private partnerships, especially in Asia-Pacific.The forecast comes from BlackRock's latest "Investment Institute Transition Scenario," which analyzes how the low-carbon transition is most likely to play out and its potential impact on portfolios. The 4 trillion figure is double p ...