Emerging markets need $1 trln a year to get to net zero - BlackRock | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
July 11, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JULY 11, 2025
Emerging markets need $1 trln a year to get to net zero - BlackRock

Global Economy

Reuters
14 October, 2021, 09:00 pm
Last modified: 14 October, 2021, 09:03 pm

Related News

  • Emerging market investors eye frontier assets shielded from Trump's tariff threats
  • The submergence of emerging markets
  • How an election-packed 2024 could swing world markets
  • Elections give investors new reason to buy emerging markets
  • IMF warns rates, conflict and climate top emerging markets risks

Emerging markets need $1 trln a year to get to net zero - BlackRock

The figure is a sharp increase on a United Nations target to mobilise $100 billion a year

Reuters
14 October, 2021, 09:00 pm
Last modified: 14 October, 2021, 09:03 pm
A sign for BlackRock Inc hangs above their building in New York US, July 16, 2018. REUTERS/Lucas Jackson
A sign for BlackRock Inc hangs above their building in New York US, July 16, 2018. REUTERS/Lucas Jackson

Emerging market economies need $1 trillion a year of public and private finance in order to transition to a low-carbon economy in the fight against climate change, a report from asset manager BlackRock said.

The figure is a sharp increase on a United Nations target to mobilise $100 billion a year, BlackRock said in a report, adding emerging markets were "essential" to ensure the world succeeds in limiting global warming.

The issue is expected to form a central plank of discussions at the next round of global climate talks, due to start in Glasgow on 31 October, where all countries are being urged to accelerate their efforts to reach net-zero emissions by 2050.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

BlackRock said to reach the target financing, public bodies would need to contribute $100 billion a year in grant-equivalent financing, which could in turn be leveraged with additional public and private sector investment.

Despite multilateral institutions working for years to help fund projects that would help prepare for and mitigate the impact of climate change, so far they had had only "limited success" in attracting private capital.

The main barrier to investment was the extra risk involved in investing in emerging markets, including political, legal, regulatory and macroeconomic risk, it said.

To fix the problem, public investors would need to be prepared to take on more of the risk and assume a greater exposure to potential losses.

Top News / World+Biz

Emerging markets / BlackRock / Net Zero / Net zero carbon emissions

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Bangladesh's delegation, led by Commerce Adviser Sk Bashir Uddin, began high-level negotiations with USTR Ambassador Jamieson Greer at 9pm Bangladesh time on Thursday (10 July). Photo: Collected from the Facebook handle of Golam Mortoza, Press Minister at the Bangladesh Embassy in the US
    No need to worry as US tariff talks ongoing: Fouzul tells biz leaders
  • Commerce Adviser Sk Bashir Uddin met USTR Ambassador Jamieson Greer at the USTR office in Washington, DC on 10 July 2025. Photo: CA Press Wing
    35% tariff: Commerce adviser meets US trade representative in Washington
  • Economist Abul Barkat; Photo: Courtesy
    Economist Abul Barkat arrested in graft case

MOST VIEWED

  • Graphics: TBS
    BB raises startup fund limit, drops upper age barrier
  • Workers pack undergarments at the packing section of a garment factory in Ashulia, on the outskirts of Dhaka, Bangladesh, April 19, 2025. Photo: REUTERS/Fatima Tuj Johora
    After US tariffs, jobs hang by a thread in Bangladesh's garments sector
  • Photo: Mohammad Minhaj Uddin/TBS
    SSC, equivalent results: Pass rate drops to 68.45%, GPA-5 also declines
  • File photo of containers at Chattogram port/TBS
    US buyers push Bangladeshi exporters to share extra tariff costs
  • Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
    Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
  • Students sit for SSC exam at Motijheel Girls' High School on 10 April 2025. Photo: Mehedi Hasan/TBS
    SSC exam results out: Here's how you can check online and via SMS

Related News

  • Emerging market investors eye frontier assets shielded from Trump's tariff threats
  • The submergence of emerging markets
  • How an election-packed 2024 could swing world markets
  • Elections give investors new reason to buy emerging markets
  • IMF warns rates, conflict and climate top emerging markets risks

Features

Photo: Collected/BBC

What Hitler’s tariff policy misfire can teach the modern world

11h | The Big Picture
Illustration: TBS

Behind closed doors: Why women in Bangladesh stay in abusive marriages

14h | Panorama
Purbachl’s 144-acre Sal forest is an essential part of the area’s biodiversity. Within it, 128 species of plants and 74 species of animals — many of them endangered — have been identified. Photo: Syed Zakir Hossain/TBS

A forest saved: Inside the restoration of Purbachal's last Sal grove

14h | Panorama
Photo: Rajib Dhar/TBS

11 July 2024: Riot vehicles, water cannons hit the streets as police crack down on protesters

7h | Panorama

More Videos from TBS

'Hypocrisy' will not continue, Iran tells IAEA

'Hypocrisy' will not continue, Iran tells IAEA

10h | TBS World
OpenAI to release web browser in challenge to Google Chrome

OpenAI to release web browser in challenge to Google Chrome

10h | TBS World
Will the title 'Honorable and Excellency' be abolished?

Will the title 'Honorable and Excellency' be abolished?

11h | TBS Today
July Declaration must be constitutionally recognized: Akhtar Hossain

July Declaration must be constitutionally recognized: Akhtar Hossain

10h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net