ALTÉRRA aims to drive global climate transition, says Ambassador Al Suwaidi

ALTÉRRA, a new $30B catalytic climate investment fund launched at COP28, aims to become the “fund of choice” for the climate transition, HE Ambassador Majid Al Suwaidi, COP28 Director-General and ALTÉRRA CEO said at the World Governments Summit.

“The UAE has committed $30 billion to ALTÉRRA, making it the world’s largest private investment vehicle for climate change action, and the fund aims to mobilize $250 billion globally by 2030,” Ambassador Majid Al Suwaidi said in a panel session.