UAE's $30 Billion Energy-Transition Fund Struggles to Spend Cash

By Yahoo! Finance | Nov 21, 2024 at 07:10 AM EST

The UAE's Alterra fund, aiming to invest in the energy transition, has only spent a small portion of its $30 billion capital due to a lack of suitable deals. This challenge reflects the global struggle to find investible climate projects, hindering the mobilization of necessary funds for sustainable growth.

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