The following report is by OilPrice.com:
The BlackRock Investment Institute (BII) published a paper on Tuesday that found that transition-related investment in emerging markets “will likely be notably lower than what they need across a range of scenarios.”
According to BII, closing the gap would “require significant public sector reforms and private sector innovation, resulting in greater “blending” of public and private capital – or blended capital.”
Some of the reforms include evolving the mandates and toolkits of multilateral development banks and public financial institutions like the World Bank, BlackRock’s economists and researchers wrote.
We think public funding has been ineffective in mobilizing private capital at scale – and that’s where the multilateral development banks (MDBs) and public financial institutions can play a key role.
BlackRock’s researchers noted.
If reforms are successful, low-carbon investments in emerging markets could jump by an additional $200 billion a year – or $4 trillion overall – above BlackRock’s base view of a major increase in investment between 2030 and 2050.
But if reform efforts prove less durable or effective than in the base case, BlackRock expects investment levels reduced by about $50 billion a year, along with lower economic growth, lower energy demand, and a more divergent global transition.
Emerging markets excluding China have seen very little growth in low-carbon transition investment in recent years as most spending has been in the U.S., Europe, and China, BlackRock notes, citing IEA data that annual clean energy investment in emerging markets has flatlined since at least 2015 at around $250 billion per year.
The capital shortfall for the energy transition in emerging markets will likely persist, according to BlackRock.
We think transition investment needs across EM are enormous – and not close to being met. Based on today’s investment trends, this shortfall will likely persist no matter how quickly or slowly the transition accelerates.
AUTHOR COMMENTARY
It should be noted that starting on Thursday, November 30th, COP28, the annual climate summit of all the alarmists, shills, quacks, propagandists, tyrants, and elitists hypocrites meet to preach to the peasants that they need to radically transform their lifestyles to “protect the environment.”
I mention this because Blackrock controls and influences an astronomical amount of stuff in the world, and massive investments like this prove that the elites are far from pushing the climate narrative, and will use to enslave and ultimately cut the world population down to size.
SEE: Egyptian President Spills The Beans: ‘Hunger, A Price Worth Paying For Country’s Progress’
The sleep of a labouring man is sweet, whether he eat little or much: but the abundance of the rich will not suffer him to sleep.
Ecclesiastes 5:12
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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