BlackRock Forecasts $4 Trillion Annually for Global Energy Transition

BlackRock estimates that the global energy transition will require $4 trillion annually by the mid-2030s, double the previous expectations. The investment will need to come from both public and private sectors, with Asia-Pacific being a key area for opportunities. Despite last year's record $1.8 trillion investment in energy transition projects, there's still an $18 trillion gap to reach the 2030 target.

Institutional investors are increasingly focusing on transition allocations, but achieving these investment goals will require alignment between government actions, companies, and partnerships with communities. Blended finance and policy changes will play crucial roles in mobilizing the necessary capital from private and public sources.

Source: CNBC