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Investors Want to Ratchet Up ‘Blended Finance’ in Climate Fight

  • Poor countries are on the frontlines of the climate crisis
  • Rich countries have failed to reach $100 billion annual goal
Operations At K-Electric Ltd.'s Bin Qasim Power Plant As Controlling Shareholder Abraaj Capital Plans To Sell Stake
Photographer: Asim Hafeez/Bloomberg

A group of the world’s biggest asset owners are proposing a dramatic escalation of joint public-private financing ventures in a bid to help poor countries weather the climate crisis.

“This is a call for action,” said Nadia Nikolova, lead portfolio manager for development finance at Allianz Global Investors, one of the founders of the Net Zero Asset Owner Alliance, which put forward the plan. “We need to find ways to transition these economies if we’re going to win the climate battle at all.”