Wind farm near Toulouse, France. (Photo: AFP/VNA)
Global investment management group BlackRock believes that the world's green energy transition will require an investment of up to 4,000 billion USD/year by the mid-2030s, and calls on countries, especially in Asia- Pacific , to strengthen partnerships between governments and the private sector.
In its latest report, “Investment Transformation Scenarios,” BlackRock said the figure is double its previous forecast of $2 trillion annually. To achieve this level of investment, BlackRock said it would need to increase capital in the public and private sectors.
The “Investment Institute Transition Scenarios” report provides an analysis of how the low-carbon transition is most likely to unfold and the potential impact this will have on investment portfolios.
Speaking at the annual Ecosperity Week event in Singapore last week, Michael Dennis, head of Capital Markets and Alternative Strategies for Asia Pacific at BlackRock, said Asia- Pacific is truly the epicenter of the energy investment opportunity and the firm sees that opportunity across multiple regions of the world, including developed and emerging markets.
According to BlackRock data, $1.8 trillion was invested in projects related to the energy transition last year, up from $33 billion in 2004, with about $19 trillion invested so far.
He said growth rates and investment volumes are on track.
However, he said that despite the increased investment, there was still a shortfall of $18,000 to achieve the green energy transition target by 2030.
The capital gap exists across different types of risk, such as low-risk investments in core energy infrastructure, or higher-risk endeavors like venture capital and private equity.
According to a survey by BlackRock last year of 200 institutional investors, some 56% of them said they planned to increase their capital allocation to the energy transition over the next 1-3 years, while 46% said navigating the transition was their most important investment priority over the same time period.
Mr. Dennis made it clear that to realize investments in the private and public sectors, there must be joint actions between the government, companies, and partnerships with the community./.
According to vietnamplus.vn
Source: https://www.vietnamplus.vn/the-gioi-can-4000-ty-usd-moi-nam-de-chuyen-doi-nang-luong-tai-tao-post941567.vnp
Source
Comment (0)