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)

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?