Financing as the catalyst for climate progress – Takeaways from COP29

As COP29 concludes, the international community finds itself at a critical juncture in addressing climate change. The discussions and debates surrounding the negotiations in Baku, Azerbaijan, have underscored the urgency of the climate crisis. While COP-meetings provide a platform for collaboration, it is evident that global summits are just one aspect of the solution. Significant efforts must be made at the local level.

Beyond COP29: Daily actions contribute to achieving Net Zero
COP29 has highlighted that while global frameworks and agreements set the stage, their impact is realized through local actions, tangible projects, and measurable outcomes. For instance, in the Nordics, taking ownership of the climate challenge within local spheres of influence is crucial. As investors, it is essential to support companies working towards Net Zero rather than waiting for others to lead.
Climate change as both a local and global issue
COP29 emphasized the dual nature of climate change: it is a local issue with global implications. The meeting in Baku also highlighted the balance between fostering local ownership and maintaining international unity. It is important to consider the broader picture while developing localized solutions, such as renewable energy and climate-resilient infrastructure.

For us, this approach involves focusing on projects that bridge the gap between local and global efforts by developing solutions for collaboration and co-financing that can be replicated across the Nordics and tailored to local contexts. Investments that serve both local communities and global goals represent an effective approach to climate action.
Financial considerations for climate progress
A significant focus of COP29 was financing, which is critical to scaling solutions that bring the world closer to Net Zero. Large-scale investments are required annually to transition to a Net Zero future, yet current levels of climate finance are insufficient. Discussions at COP29 centred on improving access to funds, increasing public-private partnerships, and fostering innovative financing mechanisms. This includes continued investment in infrastructure projects that reduce emissions and build resilient societies, facilitated by collaborative models that combine long-term capital and expertise with public actors to accelerate the green transition in the Nordics.

Our Investment Strategy Supporting the Green Transition

Addressing the climate crisis requires more than declarations; it demands collaborative efforts from governments, businesses, and investors to transform ambition into tangible actions. At Infranode, we are committed to being part of the solution. We align our investments with the objectives set at COP29 and lead through collaboration and innovation. Those with greater resources, power, or influence must step up and offer their support. In times of crisis, this should be the minimum expectation from leaders – us included.

/Johan Tiselius, Head of Sustainability