New Zealand, BlackRock to launch $1.22b climate infrastructure fund

New Zealand, BlackRock to launch $1.22b climate infrastructure fund

FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson

New Zealand’s government and U.S.-based BlackRock Inc will launch a NZ$2 billion ($1.22 billion) climate infrastructure fund to invest in solar, wind, green hydrogen and battery storage technology, they said on Tuesday.