Published by Todd Bush on October 31, 2022
RIYADH, Saudi Arabia, Oct. 26, 2022 /PRNewswire/ -- The second day of the sixth edition of the Future Investment Initiative (FII) saw the successful auction of the largest-ever carbon credit sale, major announcements, the signing of key deals, and stimulating discussions about a range of trending topics.
>> In Other News: Nikola and Keystate Announce Innovative Hydrogen Supply Collaboration to Support Nikola Fuel Cell Electric Vehicles
The day opened with a conversation between CEO of the FII Institute, Richard Attias and Founding Partner of Trian Fund Management, Nelson Peltz, about how to ensure long-term success throughout the ongoing global changes. The conversation was followed by a plenary discussion titled "The Pulse on Global Macrofinance" where HE Mohammed Al Jadaan, Saudi Minister of Finance; HE Shaikh Salman bin Khalifa Al-Khalifa, Bahraini Minister of Finance and National Economy; and HE Steven Mnuchin, Managing Partner of Liberty Strategic Capital, shared their thoughts on how globalization is impacting global markets.
The Saudi Public Investment Fund (PIF) and Tadawul Group announced the results of the VCM carbon marketplace to accelerate the transition to a carbon neutral future, which is integral to Saudi Arabia's efforts to achieve net-zero goals by 2060. Fifteen Saudi and regional entities took part in the largest-ever carbon credit sale, and credits were purchased by companies including Aramco, Olayan Financing Company and Saudi Arabian Mining Company. Moreover, PIF announced that it will establish five companies aimed at investing in the Kingdom of Bahrain, the Republic of Iraq, the Hashemite Kingdom of Jordan, the Sultanate of Oman, and the Republic of Sudan. The five companies aim to invest up to a total of USD 24 billion in opportunities across various key sectors in each market.
The FII Institute also announced investments in two innovative tech solutions designed to drive sustainability in agriculture and fishing. The first is a GBP 500,000 investment in Dogtooth Technologies, a UK-based tech start-up that develops and sells autonomous fruit picking robots, helping to reduce crop wastage and cut CO2 emissions arising from fruit production. The FII Institute is also investing USD 500,000 in Seafood Souq, featured in the United Nations Ocean Decade Special edition. Seafood Souq is a technology company offering a vertically integrated digital solution for global seafood trade, traceability and financing in support of the Blue transformation.
In addition, the Institute launched its new exclusive Membership Program, giving global investors and change makers a chance to join its growing community. The FII Institute Membership Program will provide members with exclusive access to its knowledge platform, which includes a wide range of reports and world-leading research from global universities and organizations. Moreover, it announced the launch of the 'Algoritmi Prize' with support from global research publisher Springer Nature. The annual science and technology prize will celebrate artificial intelligence (AI) and robotics research that has the potential to produce real-world solutions that address global challenges.
The sixth edition of FII will conclude on Thursday 27 October with wrap-up discussions on sports, fintech, sustainability and the future of Africa.
The event factsheet can be found here.
The Future Investment Initiative (FII) Institute is a new global nonprofit foundation with an investment arm and one agenda: Impact on Humanity. Global, inclusive and committed to Environmental, Social and Governance (ESG) principles, we foster great minds from around the world and turn ideas into real-world solutions in five critical areas: Artificial Intelligence (AI) and Robotics, Education, Healthcare and Sustainability.
Photo - https://mma.prnewswire.com/media/1930585/The_Pulse_on_Global_Macrofinance.jpg Logo - https://mma.prnewswire.com/media/1811613/FII_Institute_Logo.jpg
SOURCE FII Institute
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🚂 Ballard Announces 1.5 MW Fuel Cell Engine Order for Sierra Northern Railway 🌊 Sonardyne Secures Monitoring Deal for NEP CCS Project 🏆 ClimeFi provides access to CDR portfolio o...
Inside This Issue 🛢️ Chevron Doubles Down on U.S. Hydrogen Innovation with Dual Projects in Texas and California 🧾 Exclusive: White House Considers Plan to Clear Record Backlog of Small Refinery B...
Inside This Issue 💸 Trump Administration Cancels $3.7 Billion in Clean Energy Projects, Ending Ambitious Industrial Decarbonization Efforts 🌊 A New Protocol for Carbon Removal via Direct Ocean Cap...
Ballard Announces 1.5 MW Fuel Cell Engine Order for Sierra Northern Railway
VANCOUVER, CANADA – Ballard Power Systems (NASDAQ:BLDP; TSX:BLDP) today announced the signing of a new supply agreement with California-based rail operator Sierra Northern Railway for the supply of...
PureWest and Gunvor Group Partner to Accelerate Use of Verified Low-Carbon Gas Solutions
PureWest Energy, LLC ("PureWest"), a leading Rocky Mountain independent natural gas producer recognized for its low methane and carbon emission rates, and Gunvor USA LLC, a member of Gunvor Group (...
Towards Net Zero: Sustainability Meets Efficiency with E-Drive
In the first blog of this series, we introduced the roadmap that will make Woodfibre LNG one of the lowest-emission LNG facilities in the world. A key component of that strategy is the E-Drive syst...
ClimeFi provides access to CDR portfolio of XPRIZE competition Winners and Finalists
ClimeFi has partnered with XPRIZE to provide CDR buyers with a portfolio that offers unrivalled exposure to the XPRIZE Carbon Removal competition Winners and Finalists ClimeFi has partnered with X...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.