New Zealand has partnered with BlackRock in a $1.2-billion fund that would be used to accelerate the country’s efforts to become a net-zero emitter. Bloomberg reports that the money from the fund, when raised, would be used to finance local companies in their shift from hydrocarbons to solar, wind, green hydrogen, and battery storage. For BlackRock, the fund is a means to draw private investment into New Zealand’s transition, which, according to the asset manager would cost some NZ$42 billion or $25.5 billion. “This is the largest…
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