A Brookfield Asset Management and age announce the fund-raising for investment fund CTF (Catalytic Transition Fund) with the aim of rai to US $ 5 billion focused on climate finance and mitigating carbon emissions in emerging markets. Brazil is one of the main focuses of the action.
O background was launched in December 2023, during the COP28 in Dubai, and will have its first closing at the end of 2024, according to a statement from Brookfield.
O age, a fund from the United Arab Emirates, is the largest vehicle de private investment from the world to climate finance. The fund has three strategies: business transformation, renewable energy and sustainable solutions.
To boost the action, the agent compromised with the allocation of US $ 30 billion em investments climate change and seeks to mobilize $250M monthly with partners up to 2030.
This movement happens because less than 15% of global investment em clean energy it is aimed at emerging markets, except China.
Os developing countries represent almost a third of global emissions and they often have more capacity to reduce emissions per dollar invested than developed countries.
keeping an eye on the goals do Paris Agreement, clean energy investment in these markets will need to increase sixfold from current levels to reach US $ 1,6 trillion per year until begining from the decade of 2030.
The fund will accelerate investments in decarbonisation while generating risk-adjusted returns in emerging markets which have traditionally been underfunded.
O age It aims to expand o private financing and drive new and ambitious climate strategies, in both developing and developed markets. At least 10% of the capital of the fund will be provided by Brookfield, which manages US $ 925 billion in assets.
O capital mobilized by the fund will be invested in markets in South and Central America, South and Southeast Asia, the Middle East and Eastern Europe. Around 10% of the fund's total capital will be contributed by Brookfield, ensuring that its interests are aligned with those of the investing partners.
"The Brazil is strategically well-positioned to attract investments em renewable energy and transition. The Catalytic Transition Fund represents an exceptional opportunity to mobilize significant resources in the region, accelerating the country's transition to a global economy net zero. Our more than 120 years of in-country experience with local teams, combined with the Fund's strategic capital, allows us to identify attractive investment opportunities aligned with our objective of delivering strong, risk-adjusted returns to investors while driving sustainable development in the country”, commented André Flores, Head of Renewable Energy & Transition at Brookfield in South America.
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