{"id":269049,"date":"2023-12-01T18:00:10","date_gmt":"2023-12-01T18:00:10","guid":{"rendered":"https:\/\/hamslivenews.com\/?p=269049"},"modified":"2023-12-02T08:12:15","modified_gmt":"2023-12-02T08:12:15","slug":"uae-commits-record-30-billion-to-at-world-climate-action-summit-at-cop28","status":"publish","type":"post","link":"https:\/\/www.hamslive.com\/news\/2023\/12\/uae-commits-record-30-billion-to-at-world-climate-action-summit-at-cop28\/","title":{"rendered":"UAE Commits Record $30 Billion to at World Climate Action Summit, at COP28"},"content":{"rendered":"<div class=\"news_content\">\n<p>Dubai, 1 December 2023: \u00a0 Today, amidst the gathering of global leaders at COP28, the United Arab Emirates , the COP28 Presidency declared an unprecedented $30 billion commitment to ALT\u00c9RRA, a climate-focused investment vehicle. This initiative aims to revolutionize international climate finance, prioritizing equitable access for the Global South.<\/p>\n<p>With the $30 billion pledge, ALT\u00c9RRA now stands as the world&#8217;s largest private investment vehicle dedicated to climate action, with a targeted mobilization of $250 billion globally by 2030. The primary focus is to guide private markets toward climate investments and bring transformative change to emerging markets and developing economies, where traditional investments face perceived higher risks.<\/p>\n<p>Described by COP28 President Dr. Sultan Al Jaber as a defining moment, the launch of ALT\u00c9RRA signifies the establishment of a new era in international climate finance. Dr. Al Jaber, who will chair ALT\u00c9RRA&#8217;s Board, stated, &#8220;ALT\u00c9RRA 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.<\/p>\n<p>Vinod Kumar<\/p>\n<\/div>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.hamslive.com\/news\/2023\/12\/uae-commits-record-30-billion-to-at-world-climate-action-summit-at-cop28\/\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 100% !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Dubai, 1 December 2023: \u00a0 Today, amidst the gathering of global leaders at COP28, the United Arab Emirates , the COP28 Presidency declared an unprecedented $30 billion commitment to ALT\u00c9RRA, a climate-focused investment vehicle. This initiative aims to revolutionize international climate finance, prioritizing equitable access for the Global South. With the $30 billion pledge, ALT\u00c9RRA [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":269050,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8064],"tags":[8193,7360,153],"class_list":{"0":"post-269049","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uae","8":"tag-climate-action-summit","9":"tag-cop28","10":"tag-uae"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UAE Commits Record $30 Billion to at World Climate Action Summit, at COP28<\/title>\n<meta name=\"description\" content=\"Dubai, 1 December 2023: \u00a0 Today, amidst the gathering of global leaders at COP28, the United Arab Emirates , the COP28 Presidency declared an unprecedented $30 billion commitment to ALT\u00c9RRA, a climate-focused investment vehicle.\" 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