Reported 1 day ago
The UAE’s $30 billion Alterra Fund, initiated to invest in energy transition projects, has struggled to deploy its capital effectively, spending only $6.5 billion so far due to a lack of viable projects, particularly in emerging markets. As global negotiations at the COP29 summit aim for $1 trillion in climate finance, industry leaders express concerns about the feasibility and readiness of suitable investment opportunities. The fund, touted as a model for blended finance, faces difficulties in scaling while aiming to attract private capital with public sector incentives.
Source: YAHOO