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Episode
Catalyzing the Transition in Emerging Markets
Recent climate negotiations have centered on mobilizing finance, both public and private, to invest in the transition in emerging markets. New funds dedicated to emerging markets, using catalytic capital at their core, are helping to shift more private sector investment to these critical and underserved regions.
In this episode, hear from the COP 28 Director-General, HE Ambassador Majid Al-Suwaidi, about the imperative for climate action in emerging markets and how the launch of the ALTÉRRA climate fund intends to accelerate investment. He is joined by Brookfield Chair and Head of Transition Investing, Mark Carney, and Brookfield Senior Advisor, Gayle Miller, for an in-depth discussion about the increasingly critical role for catalytic capital.
Gayle Miller is a Senior Advisor to Brookfield. In this role, she is engaged in multiple areas across the firm, and with our clients and asset owners on topics including energy transition and managing the complex needs of various constituents in the path toward net zero.
Prior to joining Brookfield in 2024, Ms. Miller was chief deputy of policy to the California Department of Finance and senior counselor on infrastructure and clean energy finance to the Governor, where she championed the state's landmark clean energy agenda. She previously was vice chair of the investment committee for the California Teachers’ Retirement System; additionally, she served as an advisor to the Governor for the California Public Employee Retirement System.
Ms. Miller holds Master of Business Administration degrees from Columbia Business School and University of California, Berkeley Hass School of Business, as well as Bachelor of Arts and Bachelor of Science degrees from the University of California, Davis.
Majid Al Suwaidi is an experienced ambassador, climate change negotiator, and senior executive in the international energy sector. Mr. Al Suwaidi serves as Chief Executive Officer (CEO) of ALTÉRRA – the world’s largest private climate investment vehicle committed to investing its $30 billion to catalyze $250B by 2030 in impactful climate investments, including a focus on transforming emerging markets and developing economies. To support finance the new climate economy, Mr. Al Suwaidi is leading ALTÉRRA’s efforts alongside his growing team to mobilize investments at scale to accelerate the climate transition, while demonstrating that climate positive investments bring positive economic opportunities.
Prior to ALTÉRRA, Mr. Al Suwaidi held leading roles as UAE Ambassador to Spain, Andorra, and Vatican City; UAE Consul General in New York; and as the UAE’s Lead Negotiator on Climate Change, Energy and Sustainability in multilateral negotiations processes that led to the adoption of the Paris Agreement and of the United Nations Sustainable Development Goals in 2015. Mr. Al Suwaidi earned a Master of Science in Geosciences from Simon Fraser University in Canada and a BA in Earth Science from Brunel University in the United Kingdom. In 2023, he was awarded the Grand Cross of the Order of Isabella the Catholic by the Government of Spain in recognition of extraordinary services in the promotion of international relations.
