b'10DECARBONIZATION IN THE SUPPLY CHAINajot.comNew financing platform aimsThe big pictureClimate change to green European rail freight and the supply chainNewfinancingwillsupportpurchaseof Dual-Mode locomotives. Can the supply chain change fast enough to halt climate change?By Stuart Todd, AJOT By George Lauriat, AJOTDedicated investment vehi- the renewal and maintenance cles, acting as intermediariesofassetfleets,makingitacop 28andd EcarbonizaTion oF ThE only was September the hottest month ever, betweenrollingstockman- particularlyattractiveseg- g lobals upplyc hain [but] it also exceeded the previous record by ufacturersandoperators,mentforbanksandinves- OnNovember20ththeUnitedNationsan unprecedented 0.5C, with global average couldbesettoplayakeytors,towhichwewishtoEnvironmentProgram(UNEP)releaseditstemperaturesat1.8Cabovepre-industrial role in Europes rail freightexpose our LPs even more.EmissionsGapReport(EGR)2023thelevels. The rest of the report wasnt any sun-industry gaining momentumThisoperationwithour14th, which was published ahead of the 28thnier,outliningGHGemissionsmustfallby on its journey to a low-car- bankingpartnersmarksasession of the Conference of the Parties to the42% by 2030 to hold global warming at the bon future. strategic step in the develop- UnitedNationsFrameworkConventionCli- critical 1.5 degrees C (2.7 degrees F) mark.RIVEPrivateInvest- ment of our impact transportmate Change, better known as COP 28, whichPerhaps the biggest achievement at COP ment, an independent, Euro- asset portfolio. was held in Dubai, UAE November 30 through28 was an agreement that, while it does not peaninvestmentcompanyHecontinued:BanksDecember 12th.specifically outline phasing out fossil fuels, specializingintransporta- arecurrentlyseeingthatAs expected, the results of the ERG reportopens a path to the deployment of low-carbon tion assets and infrastructurerail is a sector of the future,werentgood.TheERGopeningparagraphenergysystemsandanemphasisonrenew-withanenergytransition,withmajorfinancingneeds.laid out the unhealthy situation, The worldablesa path which operating segments of hasstructuredanew300So, its a favored sector, andis witnessing a disturbing acceleration in thethe supply chain have already embarked.millionfinancingplatformwere seeing more banks thannumber,speed,andscaleofbrokenclimate dedicatedtotheacquisitionbefore (taking an interest). records. At the time of writing, 86 days havecop 28: a nda ll ThEs hips aTs Ea of innovative locomotives.(PLATFORMcontinuedbeenrecordedwithtemperaturesexceedingThere are now around 118,928 merchant Additional incremental facil- on page 12) 1.5C above pre-industrial levels this year. Not(PICTUREcontinued on page 12)itiesofupto225million may be added.Thecapexfacilitywas provided by a group of banks consistingofKfWIPEX-Bank,CrditAgricoleCIB,DecarbonizationSocitGnrale,andSie-mensFinancialServices through Siemens Bank.ofThefinancingplatformIs Our Prioritywill initially support an order 15VectronDual-Mode locomotivesmanufactured bySiemensMobility,which operatealternativelyinelec-tricordieselmodeandthe acquisition of 20 Traxx MS3 locomotives manufactured by Alstomable to operate in six European countries including Germany, Poland, and Franceand 20 Modula EBB hybrid locomotives manufactured by Vosslohthe manufacturers first order for this new type of locomotive.Scheduledfordelivery, between 2024 and 2026, the locomotives will be leased to European operators and man-aged on behalf of RIVE by its long-timepartner,Northraila leading leasing provider and asset manager of rolling stock in Europe.Through this operation, RIVEsecuresfundingfor the coming years and equips itselftodeployitsinvest-ment strategy in the railway sector.RIVEandNorthrail support their joint clients in renewing and growing their fleetstowardsamoresus-tainable business model and support manufacturers in the developmentofinnovativeSustainable Low GWP Food WasteEnergyproductsforthedecarbon-izationofthesector,theTechnology Refrigerants Mitigation Tech Efficiencycompany underlined.Eu r ailF acEsF undings horTagE Its not just the boxCamilleBrunel,partnerIts not just the boxits our commitment to investing at RIVE Private Investment,in decarbonization solutions bundled with leading edge added: The rail sector playstechnology that makes the difference.aspecialroleinthedevel-opmentofanenvironmen- Visit www.seacubecontainers.com to learn more. seacubecontainers.comtally-friendlymobilityand transportoffering.Itfaces colossal financing needs for BSYA 1033 Seacube 30 Decarbon AJOT Temp Control 8x10.indd 1 6/15/23 10:33 AM'