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2 Dec 2023

UAE Partners with Firms to Launch $30bn Climate Fund at COP28

The United Arab Emirates, in collaboration with BlackRock, TPG, and Brookfield, is set to launch a $30 billion investment fund focused on climate-related initiatives. This strategic move coincides with the UAE hosting COP28, aiming to strengthen its environmental leadership position on the global stage. Sultan al-Jaber, COP28 president, kicked off the summit in Dubai with this notable initiative. [Source](https://www.ft.com/content/fbe6e38b-4808-480a-ab20-9379fc2a91fd)