Altera Infrastructure’s Post

Join us at #COP29 to drive forward the global transition to clean technology 🌐 On Thursday, 14 November, the ITA and Breakthrough Agenda will co-host a high-level event, bringing together ministers, industry leaders, and senior decision-makers to discuss the urgent need for a new level of international collaboration. From clean power to transport and buildings, this event will showcase the significant progress in decarbonisation while highlighting where global co-operation is essential to support all regions, especially Emerging Markets and Developing Economies. The event’s three sessions will explore: 1. Global sector transitions, ensuring no region is left behind 2. Bankable clean projects, with a focus on demand-stimulation policies 3. Collaboration from R&D to finance, to accelerate the journey from innovation to implementation 🗓️ Date: Thursday, 14 November 🕒 Time: 15:45-18:45 Azerbaijan Time 📍 Location: Special event room 5 “Nasimi”, Climate Action Zone, Blue Zone Open to all Blue Zone badge holders so mark your calendars to join this critical discussion. #COP29 #CleanEnergy #IndustrialTransition #GlobalSouth #NetZero

Last week, I attended the KPMG UK Leaders 2050 event Pathways to Net Zero: Unlocking Sustainable Finance Through COP29 Azerbaijan alongside Hasan Zareen. It was a great opportunity to learn how sustainable finance can drive initiatives like scaling renewable energy, promoting social mobility, and supporting nature-based solutions. In aviation, sustainable finance is equally critical. International Civil Aviation Organization projects that $3.2 trillion will be needed by 2050 to scale Sustainable Aviation Fuel (SAF), highlighting the need for financial resources to achieve the net-zero goal by 2050, mainly focusing on developing countries. #COP29 #SustainableAviation #SustainableFinance #NetZero2050

With the European Union's SF6 regulation set to take effect in 2026, the GCC region stands at a pivotal moment. How will this shift shape the global market, and what new opportunities could it open for the region? Can the GCC truly capitalize on this chance to lead in sustainable energy solutions?    By adopting SF6-free technologies, the GCC can position itself as a global leader in sustainability, driving innovation and setting new benchmarks for the future of power infrastructure.   Now is the time to innovate, lead, and create meaningful change in the global energy landscape. Let’s embrace this opportunity and reshape the future together! 🌍    #UTEC #CEOInsights #Energy #Sustainability #Energytransition #COP28 #COP29 

🌐COP29 Week 1 Snapshot: Action-Packed Progress Towards Climate Goals🌐 The 1st week of #COP29 set the stage for transformative #climateaction, with historic milestones, ambitious pledges & stark reminders of the urgency required. With the conference theme of #finance and #multilateralism taking center stage, here’s a snapshot of the key developments:  💠Progress in Carbon Markets: A consensus on carbon credit standards under Article 6.4 of the #ParisAgreement marked a monumental step, fostering robust global #carbonmarkets & offering substantial support to developing nations. Landmark bilateral agreements, such as those between #Japan & #Indonesia, further reinforced these advancements.🏛 💠Climate Finance Momentum: As the host, #Azerbaijan pledged to contribute $1.2 billion towards #greenprojects. The New Collective Quantified Goals (#NCQGs) highlight a need for $6.5 trillion annually by 2030, with multilateral banks committing $120 billion per year to support low- & middle-income countries. Meanwhile, commitments to the #LossandDamageFund have surpassed $853 million, with notable contributions including #Sweden’s $19 million, reflecting growing global solidarity for #climateresilience.💰 💠Renewable Energy in Focus: The International Renewable Energy Agency projected a dramatic transition to renewables, requiring $31 trillion in investments by 2030 to achieve global #climategoals.♻️ 💠Ambitious National Goals: Countries like #Brazil, #Indonesia, the #UAE, & the #UK announced transformative commitments, ranging from massive #renewableenergy capacity additions to bold #emissions reduction targets for 2035, signaling renewed urgency to achieve 1.5°C goals.🌏 💠Youth and Climate Justice: The #COP29 Presidency’s partnership with #UNICEF emphasized #intergenerationalequity, signaling a renewed focus on empowering #children & #youth in the #climate discourse.👧👦🙋♂️🙋♀️ 💠 Discussions on #climatetrade barriers like the #EU’s #CBAM dominated informal talks. 🌱💼   💡From #GC's viewpoint, the developments around #Article 6 with the focus on standardizing #carbonmarkets under Article 6.4 marks a pivotal shift, enhancing market integrity and opening pathways for scalable #climatesolutions. Although the financial pledges are substantial, they must be converted into meaningful support for vulnerable nations to guarantee fair & inclusive transitions. The week also highlighted the persistent challenge of equitable financial mobilization, emphasizing that closing the gap between ambition & action will demand collective determination & innovative solutions.💰🌱 As the 2nd week kicks off, the focus is on finalizing agreements & securing commitments for meaningful outcomes. The momentum is strong, offering hope for a more sustainable future ahead.🌍💪 Stay tuned for more updates from #GC as we continue to cover key developments from #Baku 🌱 #NDC #EmissionReduction #ClimateFinance #UN #UNCC #UNFCCC #EU

Today marks the conclusion of #COP29, an event that not only brought the global community together to address pressing climate challenges but also showcased #Azerbaijan's commitment to #sustainability as the host nation. As an Azerbaijani, I am incredibly proud that #COP29 took place in my home country, underscoring our region’s growing role in the global dialogue on climate action. Reflecting on COP29, Azerbaijan and State Oil Company of the Republic of Azerbaijan (SOCAR) are well-positioned to drive impactful change by scaling renewable energy projects, adopting #greentechnologies in energy infrastructure, advancing #carboncapture solutions, fostering regional and global collaborations, and engaging communities in sustainability efforts. These steps empower us to innovate and accelerate climate action effectively. #COP29 has reinforced that sustainability is not just a challenge—it’s an opportunity to innovate, collaborate, and transform industries. My Master’s studies in Sustainability and Business Transformation at IE University IE Business School are equipping me with the tools to drive change, and I feel a renewed sense of purpose to contribute to Azerbaijan's evolution toward a #sustainable future. Congratulations to all the colleagues who contributed to making this event a success! #Sustainability #BusinessTransformation #ClimateAction #EnergyTransition #GlobalCollaboration

As #COP29 gets underway in Baku, Azerbaijan, global leaders, industry and multilateral stakeholders will aim to advance the climate action agenda and keep momentum on the discussions from #COP28 in the UAE. The priorities of this COP will be to negotiate a significant increase in climate finance (#NCGQ), further enablement of the #LossandDamagefund, operationalise #carbonmarkets and agreeing on the global goals and approach for #climateadaptation. These would pave the way for more ambitious Nationally Determined Contributions (#NDCs) submissions from the parties to be adopted at #COP30 in Brasil. To accompany this agenda, Accenture are pleased to launch the 4th Destination Net Zero Report that examines how the world’s 2000 largest companies by revenue (G2000) are faring on their decarbonization efforts and progress towards their goals. Here are 3 key findings - 🌍 Decarbonization is gaining momentum: Since the ratification of the Paris Agreement in 2016, there has been progress, among the largest private sector organizations. 55% companies (those with emissions data) have cut operational emissions from 2016 to 2024' 77% have reduced operational emissions intensity over the same period and 52% are embedding decarbonisation into their core strategy and operations. These are necessary but still insufficient to reach the 2030 goals as based on submitted plans on the stocktake, the world would by 2.6-3.1°C over the course of this century. 🌍 Companies across the G2000 are using a wider range of actions—or “decarbonization levers”— in areas like energy efficiency, renewables, circularity and digital technology. To fully integrate decarbonization into strategy and operations, companies need to incentivize action through internal carbon pricing, greening IT and reinventing business models to capture new value in a decarbonizing world. But broader and faster implementation is required: on current trends, only 16% of G2000 companies with emissions data are on track to reach net zero in their operations by 2050 (down from 18% in 2023). 🌍 Acceleration is still needed – and AI can help: AI is emerging as a pivotal tool or a “super lever” in the journey towards net zero. AI can significantly enhance corporate decarbonization efforts by enabling real-time decision-making, predicting emissions hotspots, and optimizing energy use. Despite its potential, AI's high energy demands could undermine emissions reductions if not managed responsibly. The report highlights that AI adoption for decarbonization is still in its early stages. For instance, 63% of G2000 companies displayed evidence of deploying AI, but 14% are using it for decarbonization. AI has the ability to drive operational efficiencies and enhance ESG reporting making it a powerful lever for achieving net zero. Anita Puri Daniel Sheils Corinna Krezer Helen Troup Louise Quarrell Corinne Baxter Stephen Bradley Matt Baglole, PhD María Montero Aldo Pozzoli Philipp Krabb Tarek Dagher Stephanie Jamison

The 29th Conference of Parties (COP29) to the United Nations Framework Convention on Climate Change (UNFCCC) was recently concluded in Baku, Azerbaijan, with pivotal agreements and intense debates. Team Invest India proudly participated in UNFCCC’s COP29 from November 11–22, 2024. The conference offered a platform to engage stakeholders and host impactful sessions on catalysing climate finance in India’s clean economy sectors. With guidance from the MoEF&CC, Team Invest India led meaningful discussions across diverse forums. Partnering with the UN Climate Change Global Innovation Hub, we co-created dialogues to accelerate climate finance in the Global South, paving the way for tangible impact. Recognising the potential of solar energy, we collaborated with the International Solar Alliance (ISA) to host sessions on themes like PV Waste Recycling, Solarising Natural Ecosystems, and empowering SolarX Challenge start-ups across Africa, APAC, and India. Our partnership with The World Bank enabled engaging conversations on blended finance solutions for emerging markets, while sessions curated with the World Economic Forum explored financing solar energy and innovative renewable energy models. With TERI - The Energy and Resources Institute as a key partner, we leveraged our collective expertise to convene high-level stakeholder dialogues, driving forward shared goals. These collaborations highlight Invest India’s commitment to fostering innovation, partnerships, and financial solutions for a clean, sustainable global economy. We eagerly anticipate future collaborations to amplify these efforts. Read the blog here: https://lnkd.in/ghyGZsDD #BlogAlert #COP29 #InvestIndia #InvestInIndia #Sustainability #CleanEnergy #ClimateFinance #BlendedFinance #GlobalPartnerships #GlobalEconomy #RenewableEnergy #SustainableDevelopment Department for Promotion of Industry and Internal Trade Ministry of Commerce and Industry, Government of India Department of Commerce Piyush Goyal Nivruti Rai Neelesh Sah Ruchika Drall Massamba Thioye Nitin Arora, CFA Matthew Stephenson, PhD Tom Kerr Karan Mangotra Nan Li Collins 李楠 Eija Hietavuo James Socas Syed Husain Quadri Aniket Ghai Ankit Todi Conrad Albrecht, CFP® Arup Mullick Vibha Dhawan Ananthanarayanan S UG Sujatha Devesh Tripathi Sanish Kulkarni COP29 Azerbaijan

🌍✨ #UNIDO at #COP29: Industrial Solutions for People and Planet 🌿🌏 🌡️ Reducing industrial greenhouse gas emissions is critical to achieving the 1.5°C target of the #ParisAgreement. As a driving force behind the global economy, #Industry is key to tackling the #ClimateCrisis. 💬 “At COP29, we demonstrated that collaborative solutions, cutting-edge technologies, and strategic partnerships are essential to accelerating the transition toward a low-emission, climate-resilient world,” said Ciyong Zou, Deputy to the Director General and Managing Director, who led the UNIDO delegation at COP29. “Driving green innovation and industrial transformation in emerging economies is crucial for building a sustainable future.” 📢 This year, UNIDO made history with its first-ever pavilion at COP! 💡 Over 45 exciting events showcased innovative #ClimateSolutions, featuring: 🌞 #JustEnergyTransition ✔️ Low-emissions #hydrogen 🍳 #CleanCooking innovations 🏙️ #SustainableCities & 🚇 #Transport 🛠️ Groundbreaking #AdaptationTechnologies 💪 Empowerment of #Women 👩🔬 & #Youth 👦👩 🌟 Together, we’re creating pathways for inclusive and sustainable industrial development for 💚 people and the planet. 🌎 Please read more here: https://lnkd.in/gKX2yTe7 #COP29 #Innovation #Sustainability #GreenIndustry #ClimateAction UN Climate Change | Global Environment Facility | Adaptation Fund | UNIDO Climate Tech Innovation Accelerate-to-Demonstrate (A2D) Facility | UNIDO Environment | Climate-KIC Global Adaptation & Resilience Investment Working Group (GARI) | United Nations Environment Programme Finance Initiative (UNEP FI) | UN Environment Programme | Mitsubishi Heavy Industries | UNIDO Digital Transformation & Artificial Intelligence | Global Network of Regional Sustainable Energy Centres (GN-SEC) | United Nations Climate Technology Centre & Network (CTCN) | LKDF - Learning and Knowledge Development Facility | Bridge for Cities | Energy Efficient Lighting and Appliances (EELA) Project | CECC UNIDO · Council on Ethanol Clean Cooking | UNIDO Cleantech Innovation | LDC Group on Climate Change | World Intellectual Property Organization – WIPO | UNIDO's Industrial Decarbonization Accelerator | Global Matchmaking Platform | Accelerate-to-Demonstrate (A2D) Facility | UNIDO Small Hydropower | The Global Programme for Hydrogen in Industry

News from Baku! 🌍🌱 At #COP29, Team Sustainiam attended an inspiring talk by Verra CEO Mandy Rambharos at the Regenerative Finance Forum. ✨ With her vast experience in climate action, including leading South Africa’s transition from coal to renewables 🌱⚡, Mandy shared Verra's vision of building a trusted carbon market through digitalization. Key takeaways? 📌 Climate financing must be transparent, auditable, and accessible—especially for developing nations striving for energy transition. 🌏💡 Sustainiam and Verra share a common goal—advancing tech for a more equitable and green future. Exciting times ahead! 🚀 #Sustainability #ClimateAction #CarbonMarkets #EnergyTransition #TechForGood #GreenFuture #climatefinancing #DevelopingNations #verra #sustainiam #cop29azerbaijan #baku COP29 Azerbaijan Hedera Wes Geisenberger The HBAR Foundation COP29 Life

🌍 As we approach #COP29 in Baku this November, let's spotlight SDG9: Industry, Innovation, and Infrastructure – key enablers in our climate action toolkit. Sustainable infrastructure and clean industrial innovation aren't just environmental imperatives – they're economic opportunities. The transition to climate-resilient infrastructure and clean manufacturing could create millions of green jobs while reducing emissions. Three key priorities for Baku: • Accelerating clean tech transfer to developing nations • Scaling up climate-resilient infrastructure investment • Advancing sustainable industrialization through digital innovation We can't achieve our climate goals without transforming how we build, manufacture, and innovate. Let's make COP29 a turning point for sustainable infrastructure and clean industry. #ClimateAction #Sustainability #COP29Baku #SDGs #CleanTech #Infrastructure What are your thoughts on the priorities for sustainable infrastructure at COP29? 🤔