image description
image description
Tell A Friend

Archives


  • 27-02-23

    UAE minister urges for joint action to support climate funding

    (MENAFN) A worldwide organized multilateral process to support climate finance is needed to fight climate change and mitigate its repercussions, in line with UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini.

    While giving a speech at the initial gathering of the G20 Finance Ministers and Central Bank Governors in Bengaluru, India, Al Hussaini stated that it is essential to reinforce mutual global process to prepare targets and draw actions on climate finance investment verdicts to reach maintainable goals.

    It should be pointed out that several entities such as the International Energy Agency and McKinsey & Co., have shared estimates on the climate investment required under different mandated emission situations, amounting to a range of USD3.4 trillion up to USD8.1 trillion yearly, to reach carbon neutrality worldwide within 2050.

    “We have leveraged private sector participation in the development of smart cities through collaborative models that incentivize private sector involvement in areas such as clean energy, green buildings and ICT infrastructure development, which we believe to be all critical enablers for the future cities of tomorrow,” according to Al Hussaini.

    MENAFN27022023000045014228ID1105650954

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved