OPEC Fund Quarterly - 2022 Q3

CONTENTS 3/2022

EDITORIAL 4-5 Climate action: Finding solutions, moving forward, delivering change SPECIAL FEATURE 6-41 Climate change: Turning plans into action 6-13  Stepping up to a new level: The OPEC Fund’s new Climate Action Plan 14-17  Professor Andreas Klasen: “The just transition is the real challenge” 18-21  The heat is on: Geothermal energy in Iceland to the developing world 22-25  Raúl Alfaro-Pelico: Energy transition partnerships in the Global South 26-27  Power to the people: Transmission and microgrids 28-31  Sustainable Transport: A solution on many roads 32-35  “Urban air sets you free”: City solutions to climate change 36-37  How drones are revolutionizing agriculture 38-41  Kristen P. Patterson:  “We cannot address climate change in a silo”

IN THE FIELD 42-43 A lifeline for Mauritania’s small and medium-sized enterprises The OPEC Fund’s partnership with Banque Populaire de Mauritanie DEVELOPMENT NEWS 44-49 44  Supporting farmers and businesses in Paraguay 45  Improving food security and climate resilience in Zimbabwe

18-21

Geothermal energy

PHOTO: Málfrídur Ómarsdóttir

38-41

Interview with Kristen P. Patterson

 OPEC Fund supports infrastructure development in Papua New Guinea  Making Liberia’s fishing industry sustainable and efficient

46

47

 Promoting food security in Côte d’Ivoire  Strengthening Chad’s higher scientific education

48

49

PHOTO: Irene Abdou

47

SPOTLIGHT 50-53 The OPEC Fund and COP27 Op-ed by Minister Rania Al-Mashat and our work in Egypt EVENTS 54-55 2022 EBRD TFP Trade Finance Forum, Istanbul: Trade finance in tumultuous times OPEC FUND 56-58 56-57 New development funding 58

Fishing in Liberia

PHOTO: KONGKOON/Shutterstock.com

58

Vienna Energy Scholar Programme

Vienna Energy Scholar Programme

3

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