COP28: UAE president announces $30 billion fund to bridge climate finance gap

President of the United Arab Emirates Sheikh Mohamed bin Zayed.

Credit: Reuters Photo

Dubai: United Arab Emirates President Sheikh Mohammed Bin Zayed announced on Friday the establishment of a $30 billion climate fund for global climate solutions.

The fund is designed to bridge climate finance gap and aims to stimulate $250 billion of investment by 2030, he said.

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