कोशिश गोल्ड - मुक्त
World Bank Seeks To Lower Risk Of Investing In Climate Projects
Mint Mumbai
|December 04, 2023
Multilateral lender is eyeing the creation of a securitizable asset class to allow investments of large sums
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The World Bank is working with a club of 15 finance bosses to lower the risk of investing in climate projects in emerging economies and attract private capital for cutting emissions.
Ajay Banga, the World Bank's president, said the Private Sector Investment Lab is focused on 'figuring out a model of originate-to-distribute' that would allow for deep-pocketed investors to put up large sums for climate deals.
The creation of a 'securitizable asset class in these kinds of investments, where large pension funds, large players like BlackRock will find a very attractive place to put billions to work,' is a key target, he said at the Bloomberg Business Forum at COP28.
PSIL, which launched in June under the auspices of the World Bank, also includes BlackRock Inc.'s chief Larry Fink, AXA SA Chief Executive Officer Thomas Buberl and Noel Quinn, head of HSBC Plc.
यह कहानी Mint Mumbai के December 04, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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