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UAE launches $30bn funding platform for fairer finance
COP28 President Sultan Al Jaber will chair Altérra, while Ambassador Majid Al Suwaidi, COP28 director-general, will be CEO.
The United Arab Emirates has set out a $30 billion commitment to “create a fairer climate finance system”, with a particular focus on the Global South.
- Energy Voice
Altérra, the new fund, aims to mobilise $250bn globally by 2030.“Altérra provides a transformational solution for attracting private capital. Its scale and structure will create a multiplier effect in climate-focused investment, making it a vehicle like no other,” said Al Jaber.
“Its launch reflects the COP Presidency’s Action Agenda and the UAE’s efforts to make climate finance available, accessible and…