Browsing: Alterra Fund
The 10th World Green Economy Summit (WGES), organised by the Dubai Supreme Council of Energy, DEWA, and WGEO, focuses on climate finance as a core theme. Recognised as essential for enhancing climate resilience, this topic will be discussed by global leaders, experts, and specialists in green finance.
World leaders gather at COP28 in Dubai, where President Sheikh Mohamed announces the inception of the $30B Alterra Fund for climate financing. The summit addresses challenges in the clean energy transition and emphasizes global calls for climate action. Leaders discuss loss and damage, climate equity, and green initiatives. UK Prime Minister Rishi Sunak advocates for an “era of action,” and UN Secretary-General Antonio Guterres urges support for the loss and damage fund. Former Pakistani foreign minister Bilawal Bhutto Zardari welcomes progress but highlights challenges for climate-vulnerable nations.