Finance Quarterly – Q4 2024

The world still seems bitterly divided when it comes to issues such as climate finance and renewable energy. This edition of Tamarindo Finance Quarterly features an interview with Domenico Tripodi, partner and co-head of investments at Danish investor AIP Management, who – in addition to saying only a few utilities have been open about tackling project difficulties linked to inflation – also highlights the ongoing dispute between rival factions about the future of energy. In conversation with Richard Heap, Tripodi draws attention to the lack of reason that often characterises political discourse on energy.

Energy and climate factionalism was particularly evident at the recently concluded COP29 conference in Azerbaijan. In this issue, Ben Cook reflects on the event, which was overshadowed by former UN high-ranking officials claiming COP was no longer fit for purpose and ended in acrimony with Panama’s lead negotiator describing wealthy nations initial offer of $250 billion per year in climate finance as a “spit in the face” and “outrageous, evil and remorseless”. The offer was eventually upped to $300 billion per year, but it was still way short of the $1.3 billion per year developing nations sought.

Elsewhere in the latest edition:

• Miguel S. Garcia, director of international development at UK energy storage developer Harmony Energy Limited, discusses his company’s mission to expand its presence in the French, German, Polish and Italian markets
• Luca Pedretti, chief operating officer and co-founder at Pexapark, explains why renewable energy companies need to respond to growing demand for 24/7 power from data centre operators or risk losing ground to rival energy sources

• Abhishek Vinod Singh, chief executive officer and co-founder at AiDash, explains how artificial intelligence and satellite insights can help grid operators properly maintain their infrastructure, and thus reduce the risk of problems associated with natural disasters and a changing climate.