Podcast

Catalyzing the Transition in Emerging Markets

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.

Featured Speakers

Mark Carney

Chair, Brookfield Asset Management; Head of Transition Investing

Mark Carney

Chair, Brookfield Asset Management; Head of Transition Investing

Mark Carney is the Chair of Brookfield Asset Management and Head of Transition Investing. In this role, he is focused on the development of products for investors that will combine positive social and environmental outcomes with strong risk-adjusted returns.

Mr. Carney is an economist and banker who served as the Governor of the Bank of England from 2013 to 2020, and prior to that as Governor of the Bank of Canada from 2008 until 2013. He was Chairman of the Financial Stability Board from 2011 to 2018. Prior to his governorships, Mr. Carney worked at Goldman Sachs as well as the Canadian Department of Finance.

He is a long-time and well-known advocate for sustainability, specifically with regard to the management and reduction of climate risks. He is currently the United Nations Special Envoy for Climate Action and Finance and Co-Chair for the Glasgow Finance Alliance for Net Zero. 

He is also Chair of the Group of Thirty and Bloomberg LP’s Board of Directors, as well as an external member of the Board of Stripe, a member of the Global Advisory Board of PIMCO, Harvard University, Rideau Hall Foundation, Bilderberg, the Peterson Institute for International Economics, the Blavatnik School at Oxford, and the Hoffman Institute for Global Business and Society at INSEAD, Cultivo, Senior counsellor of the MacroAdvisory Partners, and Advisor of the Watershed as well as President of Chatham House.

Mr. Carney holds doctorate and master’s degrees from Oxford University and a bachelor’s degree in Economics from Harvard University.

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Gayle Miller

Senior Advisor, Global Client Group

Gayle Miller

Senior Advisor, Global Client Group

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.

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HE Ambassador Majid Al Suwaidi

CEO, ALTÉRRA

HE Ambassador Majid Al Suwaidi

CEO, ALTÉRRA

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.