Tag: banking

Vice President Kamala Harris announces new funding for climate action at a summit in Dubai Harris said the U.S. would pledge another $3 billion to the Green Climate Fund, the main finance vehicle to help developing nations adapt to the climate crisis and cut fossil fuel pollution.

To meet this demand, Jodi Norman and Will Tunstall-Prince explain how recent reforms are now putting sustainable finance at the heart of the UAE’s energy transition strategy. On the face of it …

They would not mind taking inputs from banks on how to spend in sustainable ways Shoppers in the UAE have been quick to opt for sustainable products and merchandise that are seen as doing their …

United Nations Secretary-General Antonio Guterres has urged developed nations to materialize their financial commitment to developing nations to help address the huge financial gaps they are confronted with in coping with the climate crisis.

The UAE has announced a $30 billion investment to launch a climate-focused investment vehicle at COP28, that will set the foundation to establish a more transparent climate finance system and provide funding and access to the Global South. The vehicle …

Rich countries at COP28 are pledging a small fraction of what’s estimated to be needed to pay for climate change loss and damage, but observers are calling it a start.

Harris reiterated support for a two-state solution and detailed ongoing efforts to engage with regional partners on planning for post-conflict …

The UAE-led finance initiative allocated nearly $2.6 billion for green energy projects in eight countries that will add about 1.8 gigawatts (GW) of clean power to the African grid, a COP28 Presidency press statement said. The Initiative brings together …

Cities are receiving only a fraction of the climate finance they need, especially in low-income countries, according to a study published on Saturday on the sidelines of the COP28 climate talks.

United Arab Emirates-backed Alterra teams up with at least three big North American private-equity shops in its climate push.

Among them, an ‘Arabic flower’ Meez Garden made up of innumerable recycled plastic bottles and a kiosk fashioned from three tons of plastic waste, featuring a compelling portrait of the UAE’s Founding Father, is set to turn heads.

The United Arab Emirates, host of the COP28 climate summit in Dubai, will put $30 billion into a new climate finance fund aimed at improving the flow of money into projects to reduce emissions, especially in the Global South. The UAE said Alterra aims to …

Nearly all the world’s nations on Thursday finalized the creation of a fund to help compensate countries struggling to cope with loss and damage caused by climate change, seen as a major first-day breakthrough at this year’s U.

DUBAI: Governments, development banks and companies announced … action,” Jaber said it included $5 billion to be allocated to poorer countries. The World Bank stepped up with a promise to increase …

By Valerie Volcovici DUBAI (Reuters) -World Bank President Ajay Banga said on Friday the development lender will devote 45% of its annual financing to climate-related projects by 2025, up from a …

The World Bank Group (WBG) on Friday said it will increase the amount it spends annually on climate-related projects to 45 percent of its financing over 2024 to 2025, up from 35 percent now, as part …

The deal allowing the United Arab Emirates’ renewables powerhouse to enter into Dogger Bank South was signed by the chief executives of both companies during the COP28 climate summit, which began in …