Unlocking Climate Finance Flow in Emerging Economies

Unlocking Climate Finance Flow in Emerging Economies

Emerging economies faced dire climate impacts despite contributing little to global emissions. However, critical adaptation funding fell short, with just $63 billion mobilised in 2021-22.

Emerging economies faced dire climate impacts despite contributing little to global emissions. However, critical adaptation funding fell short, with just $63 billion mobilised in 2021-22, despite an annual investment need of $212 billion by 2030. This session tackled the barriers to adaptation finance, exploring innovative models and successful public-private partnerships that could close the funding gap and build long-term resilience in vulnerable regions.

Bertrand Badre (1)

BERTRAND BADRÉ

Managing Partner and Founder, Blue Like an Orange

Bertrand Badré is Managing Partner and Founder of Blue like an Orange. Previously Bertrand was Managing Director of the World Bank and World Bank Group Chief Financial Officer. In this capacity he was finance deputy at the G7/G20 and representative of the World Bank. Prior to joining the World Bank Group, Bertrand was the group chief financial officer at Société Générale and Crédit Agricole. Bertrand served as a member of President Jacques Chirac’s diplomatic team where he was the President’s deputy personal representative for Africa. Bertrand also spent a total of seven years at Lazard, half in New York, and London, and then in Paris as partner where he co-led in particular the restructuring of Eurotunnel. He started his career in Paris as an inspector, then deputy head of the auditing service of the French Ministry of Finance. Bertrand has served as director on a number of boards, including Haulotte Group, , the leading European PE firm Eurazéo, Wealth Simple or a Canadian Fintech in asset management. He has been the co-chair of the World Economic Forum’s Global Future Council on International Governance, Public-Private Cooperation and Sustainable Development. He is now a board member of Getlink (Eurotunnel) and “gérant” of SIPA Ouest-France. He is a ESG and sustainability senior advisor of JAB (Prêt à Manger, Coty etc.)  

He is a member of the board of IDDRI and IFD (Institut de la Finance Durable set up to represent sustainability in Paris) and of the center of global Development, chaired by Larry Summers and led by Masood Ahmed (CGD). He is the co-chair of Project Syndidate advisory board. Bertrand authored the book “Money Honnie, si la finance sauvait le monde?” published in 2017 under the title “Can Finance Save the World?” translated into multiple languages.  

More recently he wrote the book ” Voulons-nous (sérieusement) changer le monde ?”, with a preface by Erik Orsenna on finance after COVID and “Des femmes et des hommes, le pouvoir en partage” with Fabienne Michaille and prefaced by Michelle Yeoh, Jean Todt and Emmanuel Faber.  

Bertrand is a graduate of ENA (Ecole Nationale d’Administration), SciencesPo (Institut d’Etudes Politiques de Paris), La Sorbonne and HEC business school.  

Harry Boyd-Carpenter (1)

HARRY BOYD-CARPENTER

Managing Director, Climate Strategy and Delivery, European Bank for Reconstruction and Development

Harry Boyd-Carpenter is the Managing Director, Climate Strategy and Delivery at the European Bank for Reconstruction and Development. He took up this role in April 2021.

Mr Boyd-Carpenter is responsible for coordinating the EBRD’s work across the green economy and climate agendas, with the overall goal of meeting the Bank’s commitment to achieve a green finance
ratio of at least 50 per cent of annual investment by 2025. He leads a group that drives climate and green financing, policy and analysis across all economic sectors and financing instruments, as well as
representing the EBRD in climate and sustainable finance forums.

Mr Boyd-Carpenter is a British national and joined the EBRD in 2005 in the Office of the General Counsel. In 2008 he transferred to the then Power and Energy Utilities team in Banking, before becoming Director, Head of Energy EMEA in 2017 where he led the Bank’s investment activities in the energy sector in Europe, the Middle East and North Africa.

Before joining the EBRD Mr Boyd-Carpenter was an Associate in the project finance team at Allen and Overy LLP and also worked for the European Agency for Reconstruction in Pristina. He is a graduate of the University of Oxford.

Kingsmill Bond

KINGSMILL BOND

Energy Strategist, RMI

Kingsmill Bond, CFA is an energy strategist for RMI. He has worked as a financial market analyst and strategist for over 25 years, including for Deutsche Bank, Sberbank and Citibank in London, Hong Kong and Moscow.

He believes that the renewable revolution is the most important driver of financial markets and geopolitics in the modern era. He joined RMI from Carbon Tracker in 2022 to write analysis on the impact of the energy transition on financial markets, with a focus on the exponential growth of renewables and the peaking of fossil fuel demand.

Nijhad Jamal

NIJHAD JAMAL

Partner, Equator

Nijhad Jamal is the Managing Partner of Equator, a climate-tech VC investing in early-stage ventures in Energy, Agriculture and Mobility that are addressing some of Sub-Saharan Africa’s greatest climate and income inequality challenges. 

Previously, as the founder of Moja Capital and in his prior roles at BlackRock and Acumen Fund, he has invested in or operated businesses across the clean energy, agriculture, mobility, fintech, and retail sectors. He began his career at UBS Investment Bank and later left to help launch the boutique M&A advisory and growth equity firm Centerview Partners. 

Nijhad holds a BSc. from the Massachusetts Institute of Technology (MIT) and an MBA from Harvard Business School. 

Amar Inamdar

AMAR INAMDAR

Managing Director, KawiSafi

Amar works with businesses and entrepreneurs to imagine, create and grow markets that address our biggest social and environmental challenges. He brings a lifetime commitment to sustainable development. He is a fund manager and board member with experience of investing and advising portfolios of fast-growing and high-impact companies. He leads KawiSafi Ventures – a private investment fund created by Acumen – that is focused on accelerating a just climate transition. Prior to leading KawiSafi, he managed a global investment portfolio of high-risk, high-impact projects for 10 years at the International Finance Corporation and the World Bank before joining the new business team at Royal Dutch Shell to drive growth in domestic African energy markets. He graduated from the University of Oxford and has a PhD from the University of Cambridge. A TED speaker with 1.7M views, his work on sustainable investing has been featured in Forbes, Bloomberg, and FastCompany.

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