Blackrock CEO Larry Fink: The Next 1,000 Billion-Dollar Start-Ups Will Be In Climate Tech
“It is my belief that the next 1,000 unicorns 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”.
At the Middle East Green Initiative Summit in Riyadh, Saudi Arabia, Fink said climate change is a business opportunity, Fink said, because addressing it will require that virtually every segment of industry will have to be reinvented.
"As an asset manager at the nexus between owners of capital and companies and assets we invest in on behalf of them, we see this playing out every day," Fink said. "Asset owners are looking for investment opportunities that will come from this historic transition to net zero."