ADIPEC 2024 unveils Finance & Investment Conference

ADIPEC 2024 will highlight the critical role of finance in accelerating the transition to a secure, equitable and sustainable energy future, through its inaugural Finance & Investment Conference

Held from 4-7 November in Abu Dhabi, ADIPEC will gather financial leaders, policymakers, and energy executives to unlock the capital required for scaling low-carbon technologies and fast-tracking decarbonisation initiatives.

The three-day Finance & Investment Conference at ADIPEC has four main themes: Mobilising investment for a sustainable future; Navigating uncertain geopolitical factors to secure energy transition investment; Ensuring bankability of clean energy projects and technologies, and Meeting the growing demand for resilient and clean energy in developing countries.

In alignment with these themes, the conference will feature sessions led by global experts to activate investment needed to fast-track the global energy transition, including navigating macroeconomic volatility, unlocking capital for emerging markets, and developing regulatory frameworks that support decarbonisation technologies.

Key speakers will include Charlie Tan, CEO, Global Impact Coalition; Mazin Khan, CFO, Masdar; Julian Mylchreest, executive vice chairman, Bank of America; Lina Osman, managing director and head, Sustainable Finance - Africa and MENAP, Standard Chartered; Semih Ozkan, executive director, EMEA Energy, Power, Renewables, Metals & Mining, JP Morgan, and Zoe Knight, group head, Centre of Sustainable Finance, Head of Climate Change MENAT, HSBC, who will jointly discuss solutions to the financing challenges faced by developing economies in their energy transition efforts.

Addressing critical gaps

Sharing his extensive expertise in securing investment within the energy and renewables sectors, Charlie Tan, CEO, Global Impact Coalition, said, “Achieving net-zero emissions requires ambition, financial frameworks and innovative investment models that can make decarbonisation viable from both a sustainability and commercial angle. As a global energy leader, Abu Dhabi provides the perfect stage for hosting ADIPEC’s critical conversations on bridging the gap between ambition and action in the broader energy transition.

“At ADIPEC 2024, we will focus on how public and private sectors can join forces to scale up financing for clean energy, ensuring long-term growth and environmental impact. The event will empower financial and energy experts to take decisive action, leveraging and allocating capital to where it’s needed most to deliver economic prosperity and environmental sustainability."

Christopher Hudson, President of dmg events, the organiser of ADIPEC, said, “One of the most significant barriers to achieving an equitable energy transition is the gap in clean energy finance and investment between the Global North and South. Developed nations have more financial resources while emerging markets need help to secure capital for large clean energy projects, slowing the transition and deepening regional inequalities.

“Addressing the finance gap between the Global North and South is one of the key focus areas of our new Finance and Investment Conference. Discussions held at ADIPEC 2024 will set the stage for how finance can play a transformative role in ensuring that we meet our decarbonisation goals while continuing to drive sustainable economic growth for generations to come and advance an equitable energy transition for all.”

Although the energy transition offers significant investment potential, a critical gap exists between capital flows, with the International Renewable Energy Agency estimating US$35 trillion as being required by 2030 to facilitate a fair and systemic energy transition, creating challenges for governments, energy companies, and financial institutions in providing the necessary funding.