> UAE launches new $30 billion climate investment fund at COP28 / 346Q3M7
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UAE launches new $30 billion climate investment fund at COP28 / 346Q3M7
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The United Arab Emirates said on Friday it was launching a new $30 billion private investment fund focused on climate projects in developing countries. The oil-rich host of the crucial United Nations COP28 climate negotiations in Dubai said it hoped the fund, called Alterra, would leverage $250 billion in investment by 2030.
"We want to mobilise $250 billion of investment by 2030. Just in the next seven years," added COP28 President Sultan Ahmed Al Jaber. IMAGES AND SOUNDBITES