Climate push lifts public-private finance partnerships to $15bn
Deals blending public and private funds reached a five-year high of $15bn (€14bn) in 2023, as some of the world's biggest banks and asset managers entered transactions with governments to tackle climate change.
The contributions represent a "directional shift" in the global blended finance market, said Joan Larrea, chief executive of Convergence, a global network of 165 financial institutions that includes Citigroup, Mitsubishi UFJ Financial Group and Standard Chartered.
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