Brookfield & ALT?RRA unveil $5 billion catalytic fund for markets
ECONOMY & POLICY

Brookfield & ALT?RRA unveil $5 billion catalytic fund for markets

Brookfield Asset Management and ALT?RRA Management Limited have announced the launch of the Catalytic Transition Fund (CTF), a ground-breaking initiative aimed at directing up to $5 billion toward clean energy investments in emerging markets. The fund, supported initially by a $1 billion commitment from ALT?RRA, is expected to achieve its first round of financing by the close of 2024.

Focused on clean energy and transition assets in developing regions, where current global clean energy investments are below 15%, CTF addresses a critical gap identified in the Paris Agreement. Mark Carney, Chair and Head of Transition Investing at Brookfield, highlighted the fund's strategic importance, describing it as a private sector solution to the challenge of enhancing transition investments in emerging markets.

Nawal Saini, Managing Director, Renewable Power & Transition at Brookfield, stated, "Emerging markets require $1.6 trillion annually to meet their decarbonization targets aligned with the Paris Agreement."

H.E. Majid Al-Suwaidi, CEO, ALT?RRA, reiterated their commitment to accelerating climate action, mentioning, "We must significantly scale up our efforts to achieve collective climate objectives. Our investments in the Catalytic Transition Fund highlight our commitment to exceeding conventional business practices."

The fund's investment strategy encompasses South and Central America, South and Southeast Asia, the Middle East, and Eastern Europe. Brookfield alone intends to contribute at least 10% of the fund's total capital. This extensive geographic focus includes substantial investments in countries like India, recognised for their robust policy frameworks supporting clean energy transitions. (Source: ET)

Brookfield Asset Management and ALT?RRA Management Limited have announced the launch of the Catalytic Transition Fund (CTF), a ground-breaking initiative aimed at directing up to $5 billion toward clean energy investments in emerging markets. The fund, supported initially by a $1 billion commitment from ALT?RRA, is expected to achieve its first round of financing by the close of 2024. Focused on clean energy and transition assets in developing regions, where current global clean energy investments are below 15%, CTF addresses a critical gap identified in the Paris Agreement. Mark Carney, Chair and Head of Transition Investing at Brookfield, highlighted the fund's strategic importance, describing it as a private sector solution to the challenge of enhancing transition investments in emerging markets. Nawal Saini, Managing Director, Renewable Power & Transition at Brookfield, stated, Emerging markets require $1.6 trillion annually to meet their decarbonization targets aligned with the Paris Agreement. H.E. Majid Al-Suwaidi, CEO, ALT?RRA, reiterated their commitment to accelerating climate action, mentioning, We must significantly scale up our efforts to achieve collective climate objectives. Our investments in the Catalytic Transition Fund highlight our commitment to exceeding conventional business practices. The fund's investment strategy encompasses South and Central America, South and Southeast Asia, the Middle East, and Eastern Europe. Brookfield alone intends to contribute at least 10% of the fund's total capital. This extensive geographic focus includes substantial investments in countries like India, recognised for their robust policy frameworks supporting clean energy transitions. (Source: ET)

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code