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
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.