COP28 Presidency welcomes Investcorp’s collaboration with Innovate for Climate Tech coalition on $750mln Climate Solutions Investment Platform

COP28 Presidency welcomes Investcorp’s collaboration with Innovate for Climate Tech coalition on $750mln Climate Solutions Investment Platform

The Climate Solutions Investment Platform will provide growth capital to companies that provide products, services and technologies to drive decarbonization and address the impacts of climate change.

Innovate for Climate Tech’s investment partner Investcorp will be able to tap into the coalition’s knowledge base and leverage its networking opportunities.

Dubai: The COP28 Presidency welcomed the major new US$750 million Climate Solutions Investment Platform announced by Investcorp, an alternative investment management firm, as part of its collaboration with ‘Innovate for Climate Tech’ – a coalition between Masdar City, Tencent, and Catalyst that was facilitated by the COP28 Presidency.

The ‘Climate Solutions Investment Platform’ will provide growth capital to companies that provide products, services, and technologies that drive decarbonization and address the impacts of climate change.

The Innovate for Climate Tech coalition launched in November 2023. Facilitated by the COP28 Presidency, it is anchored by Masdar City, the pioneering sustainable urban community and world-class business and technology hub in Abu Dhabi; Tencent, a world-leading internet and technology company headquartered in China, and Catalyst, a startup technology accelerator based in Masdar City.

As an Investment Partner within the coalition, Investcorp will be able to tap into the coalition’s knowledge base and leverage