COP28: UAE banks pledge Dh1 trillion in green financing

UBF chairman Abdulaziz Al Ghurair says banking sector crucial in climate forum talks The annoucement came on Monday, which is dedicated to finance discussions at COP28. File image of COP28 banner near Al Wasl dome at Expo City Dubai. Image Credit …

ReNew inks initial pact with Asian Development Bank for USD 5.3 bn funding

Renewable energy firm ReNew Energy Global Plc has inked an initial pact with the Asian Development Bank (ADB) for a funding of USD 5.3 billion. ”The MoU was signed at COP28, Dubai by ReNew’s Founder, Chairman and CEO, Sumant Sinha and Suzanne Gaboury, Director General, Private Sector Operations Department, ADB,” a company statement said.