The head of one of the world’s largest asset management companies has called out governments across the globe for not having long-term plans to tackle climate change.
Speaking at the Future Investment Initiative Forum in Riyadh, Larry Fink, Chairman and CEO of US-based firm BlackRock, called on world leaders to show more foresight when it comes to solving issues facing humanity.
"Capital is abundant and needs to be put in work,” he said, adding: "We have to re-imagine how to bring finance forward to effectuate the change of climate change risks.
“We do not have that platform in the world. We don't have long-term planning by most governments to effectuate these long-term problems."
