FormerXBC Inc XEBEQ

Brookfield to raise $7.5B for climate fund

[Ciao]

Brookfield $3.5B

The fund builds on the Toronto-based asset-management firm’s sharpening focus on ESG investing since last August, when former central banker Mark Carney became Brookfield’s vice-chairman and head of ESG and Impact Fund Investing. It could help support innovations needed for the growing number of countries and companies setting net-zero-emissions targets. Carney—who is also the UN special envoy on climate action and finance—has called the transition to a net-zero economy “the greatest commercial opportunity of our age,” with approximately US$3.5 trillion in annual investments needed to transition the energy sector off of carbon by 2050, according to the Intergovernmental Panel on Climate Change.

[kulewater]

Nice find. and a great excerpt. I continue to say the opportunity at hand for micro and macro appreciation is immense. And the horse makes the jockey. Brookfield $3.5B The fund builds on the Toronto-based asset-management firm’s sharpening focus on ESG investing since last August, when former central banker Mark Carney became Brookfield’s vice-chairman and head of ESG and