Altérra, the UAE-backed climate investment fund, aims to mobilize $250 billion by 2030, according to CEO Majid Al Suwaidi. Launched at COP28 in 2023 with an initial commitment of $30 billion, the fund has already committed about $6.5 billion. Al Suwaidi emphasizes the potential for competitive returns while attracting private capital to support the energy transition, highlighting opportunities in the Global South, partnerships with global asset managers, and rising energy demands driven by AI and data centers.
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