Blackrock CEO Larry Fink: The next 1,000 billion-dollar start-ups will be in climate tech

Blackrock CO Larry Fink said he thinks the next 1,000 unicorns, or start-ups worth at least $1 billion, will be involved in climate technology.

Organizations like the International Monetary Fund and the World Bank "must play a critical role" in helping to ensure capital is invested in green climate technology in developing nations, Fink said.Larry Fink, chairman and CEO of BlackRock.Larry Fink, the CEO and Chairman of Blackrock, sees addressing climate change as a massive potential for new businesses.

"It is my belief that the next 1,000 unicorns — companies that have a market valuation over a billion dollars — won't be a search engine, won't be a media company, they'll be businesses developing green hydrogen, green agriculture, green steel and green cement," Fink said MondayClimate change is a business opportunity, Fink said, because addressing it will require that virtually every segment of industry will have to be reinvented.

"Getting to net zero carbon emissions by 2050 is going to require a revolution in the production of everything we produce, and a revolution in everything we consume. The process of creating fuel, food and construction materials, with all the needs that we have as humanity, it all has to be reinvented," Fink said. "And that's going to require a large amount of investment, a large amount of ingenuity and a large amount of innovation.

ReneCamilleri6 CEI

ReneCamilleri6 CEI carbon dioxide emissions capture

I’m in crypto because f this guy

KlimaDAO

It’s not going to matter unless industry is prepared to spend money. I suspect governments will have to provide tax breaks for that to happen.

limebike

Except for wind, solar, and LEDs I haven’t seen much innovation.

More likely in Pharma and AI than climate change. Think CRISPR.

Yeah...because all these dipshit lefties think we can change the climate. morons

If you care at all about economic, wealth, and class inequalities, then pay attention to the role of Intellectual Property with respect to Green Tech. Greatest concentrator of wealth and power ever conceived. mbpoli cdnpoli

cc: LizSimmie 😏

Like air conditioning?

Evil man.

Chamath said this years ago…

What good is it for a rich man to gain the whole world and then lose his soul?

Thinks? These animals are forcing it. Trying to start a new industry to leach tax payers dollars out of. Money laundering for special interest groups

Already invested in American Manganese. Great battery recycling technology!

You will regret investing in China. 🇨🇳 & 🪨 = 💀 📉

Same as bill gates

hahahahahaha

What do we *think* is worth value?

Watch more tax dollars disappear!

BioHarvestBHSC

$HYSR

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