The global economy is pushing towards a goal of global net-zero carbon emissions by 2050. According to the International Energy Agency (IEA), achieving that goal is likely to require nearly $100 trillion in new investment. Whether or not that is achievable remains to be seen, but capital flows into the transition energy market are clearly accelerating.

“Financing the transition is probably the dominant global investment theme being seen in infrastructure investment at the moment — and likely for the next decade or so,” says Alan Synnott, managing director and global head of research and product strategy for BlackRock Infrastructure and Real Estate. BlackRock has been active in sustainable-energy investing. Since the creation of the infrastructure team within BlackRock Alternatives in 2011, the group has made 90 different infrastructure investments throughout 17 countries in support of the transition, deploying $11.8 billion of capital.

BlackRock announced in late