UAE President at COP28: I was honored to announce the creation of a USD 30 billion fund.
The announcement by His Highness Sheikh Mohammed bin Zayed at COP28 marks a significant step forward in the global fight against climate change.
In fact, his announcement comes at a time when the world faces numerous challenges.
The most important of which is climate change and its impact on all aspects of life.
The UAE has a long track record in climate action.
As it has built its renewable and clean energy capacity over the past decades.
And also has set a national course to achieve climate neutrality by 2050.
The UAE’s Climate Solutions Fund, announced at COP28, aims to bridge the climate finance gap.
Sheikh Mohammed bin Zayed Al Nahyan Posted on his X account:
When the UAE committed to hosting COP28, we pledged to bring the world together to address shared challenges facing humanity. Today, at the COP28 World Climate Action Summit, I was honoured to announce the creation of a USD 30 billion fund that will foster transformative…
— محمد بن زايد (@MohamedBinZayed) December 1, 2023
It also aims at facilitating access to affordable finance.
In addition to to catalyze the mobilization and investment of $250 billion by 2030.
The UAE Climate Solutions Fund is an ambitious initiative that makes a significant contribution to international efforts to address climate change.
By which we will see more safety for people of developing countries.
As this step will help them in overcoming the climate change results on their countries.
The UAE Climate Solutions Fund has the potential to contribute to a number of objectives, including:
- Assisting developing countries in transitioning to renewable and clean energy sources.
- Supporting climate change mitigation and adaptation efforts.
- Promoting sustainable economic growth.
The UAE Climate Solutions Fund is expected to receive broad international support, reflecting the UAE’s commitment to combating climate change and advancing global efforts in this area.