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    Home»Investments»Apollo targets $50 bln in sustainable investments with new platform
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    Apollo targets $50 bln in sustainable investments with new platform

    February 24, 20221 Min Read
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    Marc Rowan, senior managing director of Apollo Global Management LLC, speaks on a panel at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 2, 2011. The conference brings business and policy leaders to Los Angeles to explore solutions to urgent economic and social challenges. Photographer: Jonathan Alcorn/Bloomberg *** Local Caption ***Marc Rowan
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    Apollo Global Management Inc, a manager of alternative assets, launched a sustainable investing platform on Thursday, targeting the deployment of $50 billion in decarbonization and energy transition opportunities over the next five years.

    The New York-based firm has deployed more than $19 billion into energy transition and sustainability-related investments in the last five years, including in renewable energy, electric vehicles and decarbonization. It told Reuters on Thursday that it sees scope to deploy more than $100 billion by 2030.

    The International Energy Agency said last year that annual clean energy investment globally will need to more than triple by 2030 to around $4 trillion to achieve net zero carbon emissions by 2050.

    Read more: Reuters

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