(Bloomberg) -- A $30 billion fund launched by the United Arab Emirates with the declared goal of funneling billions of dollars into climate finance is...
-- A $30 billion fund launched by the United Arab Emirates with the declared goal of funneling billions of dollars into climate finance is readying its next round of investments.China Can End Russia’s War in Ukraine With One Phone Call, Finland Says Alterra , which struck deals worth $6.5 billion with BlackRock Inc., TPG Inc. and Brookfield Asset Management Ltd. late last year, is now “actively planning the next phase of allocations,” Chief Executive Officer Majid Al Suwaidi said in an interview.
Despite such obstacles, there’s an active debate on “how to make the international financial architecture fit-for-purpose to ensure a managed and just climate transition for all,” Al Suwaidi said. Alterra is part of this discussion and aims to be “the number one climate investment fund globally,” he said.
While Alterra is essentially a fund of funds, there are plans over time to make direct investments and co-investments, Al Suwaidi said. The fund’s creation has been instrumental in attracting a growing climate finance ecosystem in Abu Dhabi, which includes investment funds, foundations and think tanks, he said.“We aim to create a hub for climate finance in the UAE that mirrors Silicon Valley’s spirit, where innovation and investment in climate solutions can thrive,” said Al Suwaidi.
Nancy Pelosi disclosed stock market trades made by her husband. He loaded up on AI plays like Nvidia and sold Tesla.
Majid Al Suwaidi United Arab Emirates Al Suwaidi Alterra Investment Vehicle Private Finance Alterra Transformation Blackrock Inc. Investments COP28 Climate Summit Fund Of Funds Climate Finance
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