BlackRock to pour USD 400 mn into Positive Zero:Dubai-based decarbonization firm Positive Zero is set to receive an investment of USD 400 mn from global asset management firm BlackRock through a diversified infrastructure fund affiliated to BlackRock, according to a statement released yesterday. The investment will support Positive Zero’s goal of accelerating the transition to sustainable energy in the Gulf.

About Positive Zero: The firm was established last year during COP27 in Egypt by private investment firm Creek Capital, through the merger of solar company SirajPower, energy efficiency services business Taka Solutions, and on-demand battery company HYPR Energy.

ICYMI: BlackRock is backing the government’s USD 30 bn climate fund, with Alterra as an institutional investor. Launched during COP28, the venture aims to mobilize USD 250 bn in green investments by 2030. BlackRock has so far committed USD 6.5 bn to climate-dedicated funds, along with Brookfield, TPG, and Lunate Capital.

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