BlackRock Raises $250 Million for Emerging Market Climate Infrastructure Fund

BlackRock Inc, the world’s largest money management firm, announced Thursday it has raised over $250 million for its climate finance fund to help emerging markets in Asia, Africa and Latin America accelerate their transition to low-carbon, climate-resilient economies.

The funding, which was committed by a group of ten investors to BlackRock’s Climate Finance Partnership (CFP), will go towards green energy infrastructure, including renewable power generation, energy storage solutions and electrified transportation services, according to a press release.

Few of Them Were To Be Trusted Within Reach of a Trowel and a Pile of BRICKS, Part III

In our final piece on the emerging economies, we delve into India, a nation with enormous potential. Despite its strengths, India faces as many challenges as other members of the BRICS group (Brazil, Russia, India, China and South Africa). Let’s begin on a positive note with India’s greatest strengths in the marathon race to reach emerged status.