ADGM Will Be Home of New USD30 Billion ALTÉRRA Climate Change Fund

ADGM Will Be Home of New USD30 Billion ALTÉRRA Climate Change Fund

Abu Dhabi Global Market (ADGM), one of the principal climate finance partners of COP28, announced it will be the home of the newly launched catalytic climate vehicle ALTÉRRA established by

The post ADGM Will Be Home of New USD30 Billion ALTÉRRA Climate Change Fund appeared first on Fintechnews Middle East.Abu Dhabi Global Market (ADGM), one of the principal climate finance partners of COP28, announced it will be the home of the newly launched catalytic climate vehicle ALTÉRRA established by Lunate. It will beh the world’s largest private climate investment vehicle.

This historic initiative, which saw the United Arab Emirates commit a USD30 billion in catalytic capital, positions ALTÉRRA to mobilise USD 250 billion globally by 2030, focusing on transforming emerging markets and developing economies.

As the principal climate finance partner of COP28, ADGM has played a pivotal role in shaping the global dialogue on climate finance and aligning international efforts towards climate action. ADGM, the leading climate finance hub of the region, is uniquely distinguished by its innovative progressive regulatory framework and a centre for strategic partnerships that drive the global and regional transition towards a sustainable economy.

His Excellency Ahmed Jasim Al Zaabi

“The launch of ALTÉRRA at ADGM is a testament to our