climate action
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World News
Biden Administration Takes Bold Step: Halting New Coal Plants and Phasing Out Existing Ones
Dubai, November 1, 2023 – The Biden Administration, represented by U.S. Special Envoy for Climate John Kerry, made a groundbreaking commitment at COP28 in Dubai, pledging to halt the construction of new coal plants and initiating the phased closure of existing ones. The move aligns with the administration’s ambitious green agenda, aiming to combat climate change and limit global warming…
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World News
COP28: UAE announces US$30 billion ALTÉRRA climate-focused investment vehicle
DUBAI: In a revolutionary move, the United Arab Emirates (UAE) has introduced the ALTÉRRA climate-focused investment vehicle, a monumental initiative boasting an unprecedented investment capacity of US$30 billion. This ambitious project aspires to mobilize a staggering US$250 billion from a blend of institutional and private sources, dedicated to propelling global climate action by 2030. This was announced on the second…
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