climate

World Bank Intensifies Climate Commitment and Debt Relief Measures at COP28

World Bank President Ajay Banga unveiled ambitious initiatives at the COP28 climate conference in Dubai, signaling a resolute shift toward climate-related projects and extended...

Charities and World Bank’s Investment Arm Unite to Mobilize $11 bn for Climate Finance

Leading charities have partnered with the World Bank’s private investment arm to establish the Allied Climate Partners (ACP) platform, aiming to raise a monumental...

UAE Launches $30 bn ALTERRA Climate Fund to Galvanize $250 Billion Investments by 2030

United Arab Emirates President Sheikh Mohammed Bin Zayed Al Nahyan, hosting the COP28 climate summit, unveiled the ambitious ALTERRA climate fund, a $30 billion...

COP28 Opens With Early Adoption of Climate Disaster Fund and Fossil Fuel Debate

The United Nations Climate Summit, COP28, commenced with a significant milestone as delegates embraced the establishment of a much-needed fund to aid vulnerable nations...

UAE Set to Launch $30 bn Climate Investment Fund at COP28

In a move amid COP28 the United Nations Climate Summit, the United Arab Emirates is poised to unveil a monumental $30 billion climate-focused investment...

Low-Income Nations Grapple to Access Climate Protection Financing Amid COP28 Focus

Low-income countries, facing risks from climate change, confront hurdles in obtaining crucial financial safeguards such as insurance, catastrophe bonds, and other risk-mitigating mechanisms, industry...

Investcorp Unveils $750 mn Climate Fund Anchored by Bahrain’s Mumtalakat at COP28

Investcorp, a Bahrain-based alternative asset manager, has announced the launch of a substantial $750 million climate-focused fund, christened Climate Solutions Partners. The fund – announced...

Electrada Raises Alarm on Holiday Season Delivery Vehicle Emissions

As the holiday cheer fills the air, Electrada, a pioneering force in fleet electrification solutions, sounds a clarion call regarding the environmental impact of...