BlackRock, partners eye initial $500 million for climate fund
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LONDON (Reuters) - A BlackRock-backed group aims to raise an initial $500 million (£382 million) for a private equity fund that will invest in climate change-linked infrastructure upgrades in emerging markets.The group will provide the first $100 million of funding for the Climate Finance Partnership (CFP), which was set up in 2018 along with France, Germany and the Hewlett and Grantham charitable foundations, it said in a statement on Wednesday.The funding will go towards a first-loss..