đĄ BlackRock Abandons NZ $2B Climate Fund Plans
Global asset manager BlackRock has scrapped its NZ $2âŻbillion Climate Infrastructure Fund, originally aimed at accelerating renewable energy and low-carbon projects in NewâŻZealand. The fund has been deregistered, and BlackRock confirmed it will no longer proceed with this standalone NZ initiative.
Key Facts:
đ Fund cancelled: BlackRock deregistered the NZ Climate Infrastructure Fund LP after it âceased to carry on business.
đ Global climate strategies continue: BlackRock still offers international climate and infrastructure investment strategies that may include NZ exposure.
đłđż Commercial decision: NZ government officials stated this was a business decision by BlackRock, not a government policy change.
⥠Background: The fund was announced to support solar, wind, battery storage, EV charging, and other low-carbon infrastructure projects in NewâŻZealand.
Expert Insight:
The cancellation highlights how large asset managers are reevaluating country-specific climate investments amid global market pressures and evolving investor priorities. While the standalone NZ fund is cancelled, broader climate-focused strategies remain active.
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