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Climate Change

BlackRock to launch green infrastructure fund in Asia

The public-private partnership also eyes projects in Africa and Latin America

BlackRock is leading a public-private 55 billion yen ($500 million) fund aimed at developing infrastructure for the transportation of green energy in emerging markets. (Source photos by AP and Reuters) 

TOKYO -- U.S. investment giant BlackRock will launch a 55 billion yen ($500 million) fund aimed at developing infrastructure for the transportation of green energy in emerging markets, including renewable energy, Nikkei has learned.

The fund, which will be created in collaboration with government agencies and private financial institutions from Japan, Germany, and France, will seek to encourage developing countries to accelerate initiatives to tackle climate change.

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