COP28 UAE Special - Seagrass (Naveed Tariq, Ely Sandler)

Dive into a conversation with two inspiring leaders within climate finance: Naveed Tariq, CEO at Seagrass, and Ely Sandler, Fellow at the Harvard School of Government. 00:00 Introduction Monologue 00:45 Host Welcome and Introduction 01:14 Introduction by Naveed Tariq, CEO at Seagrass 03:24 Introduction by Ely Sandler, Fellow at the Harvard School of Government 03:40 Ely explains the economic basis for carbon finance 04:30 Ely explains the fundamentals of Article 6 under the Paris Agreement 05:36 Ely discusses the model that he and his colleague Professor Daniel Schrag developed for financing the energy transition through cross-border investment (see: https://www.belfercenter.org/publication/financing-energy-transition-through-cross-border-investment) 07:25 Financing gap for energy grid infrastructure 09:15 Need to link the investment in grids necessary, estimated at $830B annually, to the emission reductions that this infrastructure enables and the intersection under the Paris Agreement 12:58 How to scale the carbon market through innovative financing mechanisms 15:45 The role of the Seagrass marketplace in helping to scale the market 21:00 The scale of the financing gap required to achieve the climate goals and the opportunity for carbon markets 24:03 The role of additionality in carbon financing 24:48 The potential for Hydrogen as an energy source 26:48 The importance of bankability to help unlock scale in climate finance 31:22 Article 6 potential for scaling finance and concluding remarks