Private investment hopes.

The United Arab Emirates is preparing to launch at COP28 a $30 billion climate-related investment fund with BlackRock, TPG and Brookfield, Financial Times reported.

That’s not pennies — drawing in more private investments as part of a wider climate finance package is key. The move comes as the UAE attempts to bolster its credentials as host of COP28.

Anca heashot

Anca Gurzu

Chief Europe Correspondent