Source: BlackRock, as of September 30, 2020. BlackRock may establish links between this Website and one or more websites operated by third parties. 2022 BlackRock, Inc. All rights reserved. I think we're going to show the path on how to get there and still be the lowest cost and win that game. And from your perspective as a CEO, start with simply, how is decarbonization part of your conversation with your investors? MARK WIEDMAN: You mentioned there were two things. *. The use of the images displayed on this Website by you, or anyone else authorized by you, is prohibited. And in order to do that, we have to have a lot of heat to make that happen.
The next move doesn't have the same kind of economic incentive that coal to natural gas had. The courts of Hong Kong shall have non-exclusive jurisdiction to hear and determine any suit, action or proceeding, and to settle any disputes, which may arise out of or in connection with these Terms and, for such purposes, you agree to submit to the jurisdiction of the courts of Hong Kong. How has decarbonization started to come into that sector as part of your life in your career? The strategies discussed are strictly for illustrative and educational purposes and are not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Past performance is not indicative of future performance and is no guide to future returns. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments. We see the driving force from the consumer to get the CO2 emissions down. Private equity: Comparison to public equity. SUCH CHANGES SHALL BE EFFECTIVE IMMEDIATELY UPON POSTING. So for many years, one of the most efficient ways to generate that power and steam has been combined cycle gas turbines. Where a Fund's investment objective is to track an index, the Fund is not sponsored, endorsed, issued, sold or promoted by the relevant index provider. And when it's done, we will have lower cost power and steam utilities, and we will drop the CO2 footprint at that site by 350,000 tons. Our full range of funds is one way were helping more investors build solid financial futures. The information provided here is not intended to constitute financial, tax, legal or accounting advice. YOU ACKNOWLEDGE THAT BY ACCESSING OUR WEBSITE AFTER WE HAVE POSTED CHANGES TO THESE TERMS, YOU ARE AGREEING TO THESE TERMS AS MODIFIED. That drove the industry away from carbon for power and steam to natural gas. You had it in two parts. Differentiated sourcing enabled by a centralized platform. A multi-asset strategy combines different types of assets stocks, bonds, real estate, or cash for example to create a more nimble and broadly diversified portfolio. It's a physics equation. JIM FITTERLING: Well, if I go back to when I first joined Dow was in '84. The energy markets will get you to the right answer. In theU.S.,this material is intended for public distribution. Private Equity is a core pillar of BlackRocks alternatives platform. And then we will take that pure hydrogen and fire the cracker furnaces with that, replacing that methane. Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. In financial terms, private equity generally refers to equity-related finance designed to bring about positive change in a company, such as: Because private equity returns are achieved through operational improvements and financial restructuring, the experience and leadership ability of the private equity manager are paramount. There is no guarantee that any strategies discussed will be effective. And the markets have proven time and time again that they're the best allocators of that capital.
A difference of $100 or $200 a ton can mean you're out of a market. And that's why policy is so important to get that right because with the right policy, with a market based price on carbon, with some R&D incentives around new technology to scrub out the CO2, with some infrastructure investment through deals like the Infrastructure Bill that was passed here, we can develop carbon capture hubs and hydrogen hubs. BlackRock does not guarantee the performance of the Funds. Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals, Broad exposure to a large basket of opportunities, Driven by the search for additional sources of return, Dive into market topics with BlackRock investment experts. The information and services provided on this Website are provided "AS IS" and without warranties of any kind, either expressed or implied. And we take natural gas liquids like ethane and propane. As a whole, private equity has exhibited attractive performance on both a risk-adjusted and an absolute basis. this material is intended for public distribution. In the United States and Europe, you have pretty effective waste management systems, whether it's managed landfills here, or in Europe, a combination of both landfills as well as waste to energy and recycling drives. All content on this Website is presented only as of the date published or indicated, and may be superseded by subsequent market events or for other reasons. So hydrogen and carbon capture and sequestration are the two things that will drive the investment and really drive the acceleration of CO2 reduction in our scope 1 and 2. We'll make more progress in the next 10 years with those two technologies than just about anything else I can think of. And we use kind of equal amounts of both. And so one of the things that we're looking at longer term, especially in the United States, is the idea of advanced nuclear. BlackRocks Kristen W 2022 BlackRock, Inc. All rights reserved. READ THESE TERMS AND CONDITIONS ("TERMS") CAREFULLY BEFORE USING THE SERVICES DESCRIBED HEREIN. The preceding Terms of use represent the entire agreement between BlackRock and the user relating to the subject matter herein. And that we think by doing that, we can methodically site by site go around the world and take that power and steam and that hydrocarbons footprint to zero. MARK WIEDMAN: Jim, let's talk a bit about you. We're going to do another 15% by 2030, so we will have reduced absolute emissions by 30% by 2030 and then the balance by 2050. Our experienced secondaries team leverages BlackRocks advantages to deliver on all fronts. Our platform takes a holistic approach to investors Private Equity portfolios and is designed to offer strategies and solutions that align with client objectives and deliver persistent outperformance. We employ about 36,000 people worldwide. Our investment strategies and solutions span the Private Equity toolkit, offering investors exposure to direct, primary, secondary, and co-investment strategies. We take a systematic approach, with long-term pipeline visibility based on comprehensive market coverage. One is the consumer demand. But I think they appreciate that we believe it's possible if we have the right support to do it. None of these companies make any representation regarding the advisability of investing in the Funds. I consult or invest on behalf of a financial institution. I say that the nuclear navy in the US has operated it for many years very safely. Right now, you've got different factions trying to say, no more fossil fuels. We are built to share our advantages with clients and steadfast in our commitment to provide efficient exposure to Private Equity in formats tailored to their needs. BlackRock may terminate your access to the Website for any reason, without prior notice. Our guest today is Jim Fitterling, CEO of Dow. We're going to have to create that incentive. The other area is power and steam for utilities. To stop that, we need to do a couple of things. JIM FITTERLING: Well, the biggest challenge that the world is facing today on plastics is this issue of plastic waste. Any unauthorized use of the images may violate copyright laws, trademark laws, and the laws of privacy and publicity, and communications, as well as other regulations and statutes. In its broadest sense, private equity is an ownership interest in a company or portion of a company that is not publicly owned, quoted or traded on a stock exchange. All other marks are the property of their respective owners. BlackRock makes no warranty to you regarding the security of the Website, including with regard to the ability of any unauthorized persons to access information received or transmitted by you through or from the Website. In exchange for using this Website, the visitor agrees to indemnify and hold BlackRock, its officers, directors, employees, affiliates, agents, licensors and suppliers harmless against any and all claims, losses, liability, costs and expenses (including but not limited to attorneys' fees) arising from your use of this Website, from your violation of these Terms or from any decisions that the visitor makes based on such information. So we've got a good plan, not only for market growth, but we've got a plan to basically retool our footprint from a power and steam standpoint and from an ethylene and propylene production standpoint to get our scope 1 and 2 emissions to zero by 2050. If you're looking for better rates of return on deposits than youd get in an ordinary bank account, cash funds may be an option to consider. If any provision of these Terms is deemed unlawful, void, or for any reason unenforceable, then that provision will be deemed severable from these Terms and will not affect the validity and enforceability of the remaining provisions. Can you give us some examples of how you're decarbonizing how you make stuff? What we said to them was we're going to commit a billion dollars a year of CapEx between now and 2050 to making that reduction. All trademarks, service marks, trade names, and logos displayed on this Website are proprietary to BlackRock and/or their respective owners. Advanced nuclear is new technology, relatively new. Natural gas would be the next most efficient. Greece Race for the Cure ! I think our bulk customers that are buying tons of material will want to see proof that what they're buying has a low or zero carbon footprint on it so they can make claims to their customers so that they can incorporate that into that their brand. BlackRock has no control over any such other websites, the contents therein or the products/services offered. The first was the consumer demand, but there was a second you had in mind. But in the rest of the world, especially in the developing world, there's really a lack of infrastructure, and it hasn't kept up with the growth.
Investors are seeking differentiated strategies for their Private Equity allocations based on their unique needs, including risk and return objectives, cash flow profiles and overall cost. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. BlackRocks Private Equity teams manage US $23 billion in client assets across direct, primary, secondary and co-Investments. This material and the information provided herein must not be relied upon as a forecast, research, investment or financial product advice and is not intended to be (in any manner) a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. It's one of the reasons they've grown the fastest of any material class out there is because they're lighter cleaner, faster, and stronger than the next available material. Investment involves risk and may lose value. And then if you're in the area of mobility, transformation, or other alternative energy and mobility, a lot of content in electric vehicles, autonomous vehicles, and in any vehicle, including internal combustion engine to make them lightweight and to make them quieter. All other trademarks are those of their respective owners. On the other hand, there's a big growing concern around the oil and gas industry today. Another big area would be insulation for homes and buildings to create more energy-efficient buildings and reduce carbon emissions, products that we make like films to cover solar panels that allow the solar panels to last longer. The strategy is predicated on asset selection that prioritizes proven, high-quality businesses and value creation through active collaboration with management teams. This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. As a global asset manager and fiduciary to our clients, our purpose has always been to continue finding new ways to help more and more people experience financial well-being. Learn more about BlackRocks Alternative strategy. MARK WIEDMAN: Let's start off with the basics. This Website is for information purposes only and is not intended to be relied upon as a forecast, research or investment advice. We're going to talk about recycling, cracking, nuclear, carbon pricing, and plastics, both how they're made and how they're used and reused. We have been leaders in co-investments since 2001. It's a different reactor design than these one gigawatt plants that you see at a utility building. Bonds, also known as fixed income securities, are issued by companies and governments as a way of raising money. These risks are often heightened for investments in emerging/developing markets or smaller capital markets. Private Equity investments typically aim to create value in private businesses by financing growth, operational improvements or other changes. Well eliminate 95% of the CO2 footprint by bringing that recycle methane and hydrogen around and making hydrogen as the fuel for the furnace. You should consult your own advisers on such matters. JIM FITTERLING: The carbon economy has impacted Dow in a number of ways, I think, as a growth opportunity . With the exception of BlackRock Index Services, LLC, who is an affiliate, BlackRock Investments, LLC is not affiliated with the companies listed above. SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits or performances of the scheme. International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation, and the possibility of substantial volatility due to adverse political, economic or other developments. That's a lot of investment that has to happen, not easy for a developing country. And that drove a lot of process technology to make that happen.
And by going through that autothermal reformer, then I can more cost effectively scrub the CO2 out of the emissions and then sequester that. My view is in the near term, the demand for these products is going to exceed the supply. Generally,investing in private equity involves three phases: As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. In Singapore, this information is issued by BlackRock (Singapore) Limited (company registration number: 200010143N). The opinions expressed are as of Feb 8, 2021 and are subject to change without notice. Neither FTSE nor NAREIT makes any warranty regarding the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, FTSE EPRA/NAREIT Developed Europe Index or FTSE EPRA/NAREIT Global REIT Index; all rights vest in FTSE, NAREIT and EPRA.FTSE is a trademark of London Stock Exchange Group companies and is used by FTSE under license. You may not distribute, modify, transmit, reuse, repost, or use the content of this Website for public or commercial purposes, including all text, images, audio, and video, without BlackRock's written permission.
Decisions based on information contained on this Website are the sole responsibility of the visitor. At the time, Dow was retiring the last of it's coal-fired power plants and moving over to natural gas. And I'm like, fossil fuels isn't the problem here. Plastics today have a CO2 footprint that is four to five times lower than any of their substitute materials. What we've seen in Europe is that once the price on carbon got to $60 a ton-- and now, it's operated between 60 and a little more than $100 a ton. Let them roll. And with about 70% of our materials going to consumer brand owners, that's where the pool is coming from to be able to make those claims because that's what the consumers are telling them that they want. Any opinions expressed on this Website may change as subsequent conditions vary. And so if you think about our carbon footprint and our scope 1 and 2 emissions, about half of that comes from generating power and steam, which are utilities to run our assets. A market-leading analytics platform provides an edge with exceptional visibility across asset classes, and deep views across companies, industries and macro trends. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. What are you aiming to achieve? JIM FITTERLING:. On this episode of our The real leaders of net zero' miniseries, Dow CEO Jim Fitterling talks with BlackRocks Mark Wiedman about how Dow is decarbonizing its production processes and why the circular economy can help rid our planet of plastic waste. That helps us fire the facilities. For example, today, we're repowering our site in Plaquemine, Louisiana. MARK WIEDMAN: You've set a goal - zero by 2050. Listing of the shares or units of the Funds does not guarantee a liquid market for them. 
