BlackRock targets ‘repair and prepare’ climate investments

BlackRock targets ‘repair and prepare’ climate investments

BlackRock, one of the largest fund managers in the world, has identified investment opportunities in companies that are preparing for or repairing climate-related damage. UAE President Sheikh Mohammed Bin Zayed has also announced that the government is to launch a $30 billion climate-related investment fund with BlackRock, TPG and Brookfield. Analysis from US-based BlackRock has […]

2023 climate disasters cost $57bn

Opportunities in adaptation tech

Segment not well recognised

BlackRock, one of the largest fund managers in the world, has identified investment opportunities in companies that are preparing for or repairing climate-related damage.

UAE President Sheikh Mohammed Bin Zayed has also announced that the government is to launch a $30 billion climate-related investment fund with BlackRock, TPG and Brookfield.

Analysis from US-based BlackRock has revealed potential in companies providing solutions for climate adaptation and resilience.

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“They’re preparing companies and businesses to climate-related damage or they’re helping to repair it in the built environment,” Christopher Kaminker, head of sustainable investment research and analytics said.

In the year through to September, the total cost of disasters in 2023 was more than $57 billion, according to the National Oceanic and Atmospheric