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Viewsroom

Viewsroom: Climate transition, Chinese stocks

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 29 July 2021

⏱️ 18 minutes

🧾️ Download transcript

Summary

Some of the biggest investors, including Brookfield and TPG, are launching mega-funds to invest in the global transition to a net-zero economy in what could be the ultimate new asset class. Richard Beales and Rob Cox discuss. Plus, Beijing’s crackdown on after-school tutoring.  See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

AI is incredible. They can teach you how to fry an egg and even write a poem, pirate style.

0:07.0

But it knows nothing about your work. Slackbot is different. It doesn't just know the facts.

0:14.0

It knows your schedule. It can turn a brainstorm into a brief and it doesn't need to be taught.

0:20.0

Because Slackbot isn't just another

0:22.4

AI. It's AI that knows your work as well as you do. Visit Slack.com forward slash meet Slackbot

0:28.8

to learn more. The views expressed on this podcast are those of the participants, not of Roald's News.

0:38.3

Some of the world's biggest investors, including Brookfield Asset Management and TPG, are

0:43.0

launching mega funds to invest in the global transition to a net zero economy in what could

0:48.3

be the ultimate new asset class. Plus, Beijing's crackdown on after-school tutoring. Listen up. Welcome to the views room. I'm

0:59.0

Rob Cox, the editor of Breaking Views, the financial commentary arm of Reuters News, coming to you from

1:04.3

the heart of Europe, Zurich, Switzerland. This week saw two of the world's top investment managers

1:09.0

launch funds dedicated to the global transition to a net zero economy.

1:13.6

Brookfield Asset Management launched a $7 billion fund with backers including Ontario,

1:17.6

Teachers' Pension Plan Board, and Singapore's Tommasek.

1:21.6

It will be co-led by former Bank of England boss and Brookfield Vice Chair Mark Carney, who is also the UN's special envoy on climate action and finance,

1:29.4

and it could raise up to $12.5 billion in total.

1:33.8

On the same day, investment firm TPG announced the first close of $5.5 billion in subscriptions

1:38.7

to its inaugural TPG-Rise Climate Fund with a hard cap of around $7 billion.

1:46.6

The goal for both is to invest in the decarbitization of the world's economy, including industries that are traditionally dirty like

1:50.8

steel, cement, and of course transportation. Our deputy editor, Richard Beals, says the more private

1:56.3

sector money-chasing investments that could limit the damage to the planet, the less heavy-lifting

2:00.9

governments around the world need to do with taxpayers' money.

...

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