The Private Infrastructure Development Group (PIDG) will support a fund managed by Global Infrastructure Partners (GIP), which is affiliated with BlackRock. This collaboration aims to attract roughly $750 million in private investment towards infrastructure projects designed to withstand climate change impacts. The focus will be on emerging markets and developing economies, where climate resilience is critically needed. PIDG’s backing is intended to de-risk investments and encourage greater participation from institutional investors. The initiative seeks to address the funding gap for climate-resilient infrastructure in vulnerable regions. This partnership highlights a growing trend of public-private collaboration to finance climate adaptation efforts globally. The funds will be allocated to projects that enhance infrastructure’s ability to cope with extreme weather events and other climate-related challenges.