Fireside Chat, Interview, Conference Presentation
A Conversation with Altérra CEO His Excellency Majid Al Suwaidi | Middle East & Africa Summit 2025
- COP28 is assessed as likely the most successful and important climate conference since the Paris Agreement, potentially catalyzing a step change in energy deployment and usage strategies.
- Altera, identified as the world's largest climate private fund, expects to engage the private sector centrally, release its first climate impact report next year, and continue deploying capital globally across Europe and North America.
- Investment plans focus on achieving climate impact alongside commercial returns, leveraging the fund's scale to pioneer innovative solutions and attract co-investors familiar with UAE experience in the developing world.
- Solar energy is projected as the fastest and most cost-effective solution for meeting AI-driven energy demands, with specific solar field deployment timelines estimated at 18 months compared to significantly longer periods for other energy forms.
- The outlook anticipates meeting the new energy demand from AI and data centers in the Global South by deploying clean energy, specifically noting opportunities to build these facilities using renewable sources.
- Artificial intelligence is expected to be utilized as a technology within investment spaces to facilitate the creation of a clean future, complementing the development of new solutions beyond initial funding.