Tag: finance

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 …

UK Prime Minister Rishi Sunak announced Friday plans by UAE state-owned renewables firm Masdar and German energy giant RWE to invest up to £11 billion ($14 billion) in a giant offshore windfarm.”I’m …

Sultan Al Jaber, president of this year’s climate summit in the UAE, allegedly used the talks to pursue fossil fuel deals for the UAE’s state-owned oil company …

Stock exchanges in the United Arab Emirates closed lower on Friday on volatile oil prices after OPEC+ producers agreed to voluntary oil output cuts for early next year that fell short of market expectations.

Delegates at the COP28 climate talks in Dubai formally adopted a damage fund Thursday to transfer finances to countries hit hardest by the climate crisis.

Dubai (AFP) – The World Bank will “operate” an ambitious new climate change fund, but donors and recipients will likely control how the money is actually spent, the head of the development lender said …

A “massive” deal has been struck between energy firms RWE and Masdar to invest up to £11bn in the UK’s Dogger Bank wind farm, Rishi Sunak has said. The Prime Minister said the agreement included the …