Bank of America
Abyd Karmali is Managing Director and Climate Finance Executive at Bank of America Merrill Lynch, based in London, and is point person for the bank’s $10 billion Catalytic Finance Initiative. Karmali is also part of the team that oversees the bank’s broader financial commitment to mobilize $125 billion for low-carbon investment opportunities by 2025. He has worked for 25 years on climate policy, carbon markets and new approaches to climate finance. Before joining the financial sector in 2007, he worked in management and policy consulting where he advised dozens of companies on their climate strategy and also with the United Nations Environment Programme in Paris where he served as Energy and Climate Change Programme Officer. In 2013, Karmali was selected to serve as one of two inaugural private sector representatives to the Board of the Green Climate Fund. His current advisory roles include the Judging Panel for the Queen’s Award for Enterprise, the Global Innovation Lab for Climate Finance, the Carbon Pricing Corridors Initiative, and Sustainable Finance Working Groups of both the Global Financial Markets Association and International Chamber of Commerce. He also serves on the Board of Directors for The Climate Group. He holds an MS in Technology and Policy from the Massachusetts Institute of Technology.