How The UAE Is Trying To Turn $30 Billion Into $250 Billion For Climate

🎬 How The UAE Is Trying To Turn $30 Billion Into $250 Billion For Climate
Abu Dhabi-based Altérra is seeking to show that climate investment can deliver competitive returns while drawing more private capital into the energy transition.
Launched at COP28 in 2023 with a $30 billion commitment, the fund aims to mobilize $250 billion by 2030. CEO Majid Al Suwaidi tells Dan Murphy that Altérra has committed about $6.5 billion to date and says he is “extremely confident” it can reach that target.

➤ Altérra, a UAE-based climate investment fund launched at COP28, aims to mobilize $250 billion by 2030 with a $30 billion commitment, having already committed $6.5 billion to date.
➤ The fund focuses on the energy transition (80% of exposure), industrial decarbonization, climate technology, and sustainable living, investing across over 40 countries and partnering with major asset managers like BlackRock and KKR.
➤ Altérra emphasizes blending private and government capital to demonstrate that climate impact and competitive commercial returns can be achieved simultaneously, with a particular focus on increasing investment in the Global South.

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