Al Suwaidi: Climate Change Fight Needs Better Funding

The transcript discusses the outcomes of the Finance COP, focusing on the agreement to target $350 billion annually for climate objectives. Alterra, a new organization, aims to mobilize $9 trillion globally to combat climate change. The discussion highlights the need to engage the private sector by de-risking investments and creating favorable conditions. Alterra has successfully partnered with BlackRock and TBG to raise funds. The conversation also addresses the imbalance in climate financing, with most funds going to advanced economies rather than the Global South, and emphasizes the need for new financial models to address these challenges.

What was the annual financing target agreed upon during the talks?

Why is mobilizing $9 trillion annually important for tackling climate change?

What role does Alterra play in mobilizing private sector investment?

What are some barriers to mobilizing capital mentioned in the discussion?

What is the significance of the 30 billion catalytic fund mentioned?

How does the speaker view the distribution of climate financing between the Global North and Global South?

What new models does Alterra aim to bring to the market?