The world’s most influential mining investor has given companies the green light to make decarbonisation spending a higher priority than volume growth in the belief that commodities with a low-carbon footprint will eventually attract “green premium” prices.

BlackRock’s Evy Hambro. who manages more than $20 billion across his World Mining, World Gold and Circular Economy Funds, said he believed commodities would increasingly be priced according to how they were produced.