Blended finance is gaining traction across the GCC as a practical solution to fund sustainable projects
Climate finance
Latest in Climate finance
azerbaijan
Beyond COP29: How industry can decarbonise, decentralise and digitalise its energy needs
With half of the world’s largest companies now committed to net sero targets and the growing adoption of lease-to-own and build-own-operate-transfer models, the shift toward renewable energy is gaining significant traction
climate crisis
Climate crisis to cost ‘impossible’ $1 trillion for world’s poorest as divisions deepen at COP29
“The signs are that it will be hard to reach an agreement in Baku,” expert says as COP29 marked by more division than unity
azerbaijan
COP29 key moments: Azerbaijan president says fossil fuels are ‘gift from God’, negotiators eye $1.3tn climate finance deal
Negotiators seek a $1.3 trillion climate finance framework, Azerbaijan’s President Aliyev defends fossil fuels as a “gift from God,” and more key moments from COP29 in Baku
azerbaijan
UN chief slams ‘inadequate’ climate loss and damage funding at COP29 in Baku
The fund’s current size fails to match the scale of climate-induced destruction faced by developing nations, says UN chief Gueterres
Climate finance
DFSA, HKMA ink pact to deepen strategic partnership on sustainable finance
Through this partnership, both authorities will engage in enhanced cross-border dialogue, deepen the exchange of information on recent trends, and conduct joint research and events to further drive progress in this crucial area
climate change
UN Climate Change Conference in Bonn makes limited progress ahead of COP29 in Baku
Progress was made in areas including the New Collective Quantified Goal on Climate Finance, adaptation indicators, international carbon markets, and transparency in climate action planning
climate change
COP28 President calls for ‘unprecedented action’ from global stakeholders
Dr. Sultan Al Jaber called on attendees to keep the spirit alive and build on the momentum achieved at COP28
ALTÉRRA
ALTÉRRA: How the UAE climate fund plans to mobilise $250bn by 2030
ALTÉRRA is looking to put climate funding in centre stage for private sector investors
Badr Jafar
Business and philanthropists must take active climate role at COP29 and COP30
Business leaders and policy leaders gather to push climate agenda
Climate
World Bank to boost MENA climate financing to $10bn as region eyes $13tn GDP
World Bank will increase climate financing actions as MENA region tipped to see GDP growth to $13tn with green growth strategies
CBUAE
UAE banks pledge $272bn in sustainable climate funding at COP28 event
UAE Banks Federation announces major sustainable finance pledge at COP28
Badr Jafar
COP28 business and philanthropy forum launches $5bn climate funding
Business Philanthropy Climate Forum concludes first day with $5bn of funding at COP28
Badr Jafar
COP28: UAE President and UK’s King Charles III open historic philanthropy forum
UAE’s Sheikh Mohamed bin Zayed Al Nahyan and King Charles III of the UK attend COP28 philanthropy forum
Climate
UAE announces $30bn climate fund at COP28
UAE has announced a $30bn climate fund during landmark summit at COP28 in Dubai
Abu Dhabi
UK-based net zero asset manager HYCAP Group expands to UAE
The group also has plans for a UAE-based GCC Fund that will invest in companies serving the net zero energy transition and clean hydrogen supply chain
Climate finance
UAE green bond financing reaches $6.4bn ahead of COP28
The UAE holds 19 per cent of the world’s sustainable bonds says Fitch Ratings