Altérra is a $30B catalytic climate investment fund launched to mobilize investment at scale to finance a new climate economy that delivers prosperity.
#ALT
ÉRRA introduces ALTÉRRA ACCELERATION & ALTÉRRA TRANSFORMATION, the world’s largest private investment vehicle for climate change action, aiming to mobilize US$250Bn globally by 2030 and drive transformative change for economies and lives. 🌍
HH Sheikh
@MohamedBinZayed
,
unveiled the launch of
#ALT
ÉRRA the world’s largest private investment vehicle for climate change action, reflecting the COP28 Presidency’s Action Agenda and the UAE’s efforts to make climate finance available, accessible and affordable.
#ALT
ÉRRA will drive forward international efforts to create a fairer
#ClimateFinance
system, with special emphasis on improving access to funding for the Global South.
Today at the COP28 World Climate Action Summit, HH Sheikh Mohamed bin Zayed Al Nahyan, President of UAE, announced the US$30 billion ALTÉRRA climate focused investment vehicle that brings an unprecedented scale and groundbreaking innovation to climate finance.
#COP28
COP28 President, Dr. Sultan Al Jaber highlights
#COP28
's significant progress in mobilizing climate finance, through
#ALT
ÉRRA's launch, which will work to catalyze climate investment & focus on climate solutions to bridge gaps, investors and markets, focusing on the Global South.
.
@narendramodi
, Prime Minister of
#India
commends the
#UAE
's groundbreaking initiative,
#ALT
ÉRRA, marking a significant leap toward a sustainable future.
President of
#COP28
, Dr. Sultan Al Jaber sheds light on the
#UAE
's robust climate initiatives and global commitments signed during the first few hours of
@COP28_UAE
. These initiatives aim to bridge the
#ClimateFinance
gap and further advance impactful
#ClimateAction
.
At the
#COP28
fireside, ‘From Abu Dhabi: A Rising Capital of Climate Finance’, Amb Majid and
@gcfcentre
CEO Mercedes Vela Monserrate discuss how
#ALT
ÉRRA and GCFC will help build a new
#ClimateFinance
ecosystem in
#AbuDhabi
.
The launch of
#ALT
ÉRRA marks the start of three unique alliances with global asset managers,
@Brookfield
,
@BlackRock
, and
@tpg
.
Together, we share the same vision, to bridge the climate investment gap and finance a new climate economy.
#ALT
ÉRRA will invest in climate solutions that will drive transformation towards a net-zero & climate resilient future, with a specific focus on the key pillars of
#COP28
's Action Agenda, enabling a climate-positive prosperity for all.
Learn more:
#ALT
ÉRRA will lead on global climate action, focusing on:
✅ Steering $250B by 2030 towards climate investments
✅ Help tackle investment challenges in the Global South
✅ Finance the new climate economy
Learn more:
'The UAE can play a critical role in bringing capital to work in this sector'
HE Mohamed Hassan Alsuwaidi, Minister of Investment,
#UAE
, in conversation with
@BeckyCNN
about
#ALT
ÉRRA transforming & accelerating climate finance at
@MilkenInstitute
2023 Middle East & Africa Summit
HE Mohamed bin Hadi, Minister of State for Financial Affairs, spotlights
#ALT
ÉRRA's role in catalyzing global climate efforts. Partnership and international collaboration will be key to catalyzing
#ClimateFinance
towards a 1.5C aligned and climate resilient future.
@MOFUAE
One week ago,
#ALT
ÉRRA was launched at
#COP28
, becoming the world’s largest private investment vehicle for climate change action. In an interview Ambassador Majid Al Suwaidi, COP28 Director General explained to
#CNBC
the ambitious goals vehicle.
#ALT
ÉRRA and
@Brookfield
partner to deploy over US$20Bn in climate initiatives. As the co-creator of the Catalytic Transition Fund and anchor investor in BGTFII,
#ALT
ÉRRA will drive private capital to under-invested regions and scale sustainable solutions.
With many thanks to those who have welcomed ALTÉRRA with open arms, we look forward to working across geographies, markets, sectors, investors and across partners, to achieve our goal of accelerating climate action in this critical decade and mobilizing $250B by 2030.
Two weeks ago the UAE launched the ALTÉRRA fund. And since then we have seen the world receive this fund with open arms. ALTÉRRA has come to finance the new climate economy. We practice what we preach, and when we commit, we deliver.
@Alterrafund
#UAE
#COP28
#ALTERRA
#ALT
ÉRRA and
@tpg
join forces for a US$2.5Bn Global South Initiative, attracting catalytic capital to emerging and developing markets.
#ALT
ÉRRA also commits up to US$1B from ALTÉRRA ACCELERATION to TPG’s Rise Climate II for innovative climate solutions.
#ALT
ÉRRA partners with
@BlackRock
, awarding a mandate to invest over US$2Bn through the
#BlackRock
Climate Transition Vehicle.
The bespoke investment solution will be capitalized with investments from ALTÉRRA TRANSFORMATION and ALTÉRRA ACCELERATION.
#ALT
ÉRRA welcomes the launch of
@gcfcentre
at
#COP28
. Together, ALTÉRRA and the Centre will help create a climate finance ecosystem that bridges markets and investors, including in the Global South.
The Global Climate Finance Centre catalyzes low-carbon, high-growth investments by providing practical support to scale up green finance markets to make climate finance available, affordable and accessible. Headquartered in Abu Dhabi Global Market as a COP28 legacy action,
During the Ministerial Pairings Press Conference, Dr. Sultan Jaber, President of
#COP28
, stresses the importance of the role
#ALT
ÉRRA in driving international efforts to create a fairer climate finance system, with an emphasis on improving access to funding for the Global South.
#ALT
ÉRRA wishes you a
#NewYear
filled with purposeful strides toward a greener tomorrow.
For 2024 our resolution is clear:
Leading the way in sustainable
#ClimateAction
and ensuring a brighter and cleaner future for the world.
.
@MMohieldin27
, UN High-Level Champion for COP27 & Special Envoy on Financing the 2030 Agenda, at
#COP28
welcomes the
#UAE
's push to launch
#ALT
ÉRRA and its model to help drive climate investments into regions like Africa.
Congratulations to the 🇦🇪 on delivering a momentous outcome for a resilient & clean energy future! As
#COP28
closes, ALTÉRRA forges ahead to create innovative partnerships & a robust Climate Impact Framework to deliver climate progress at pace & scale, everywhere.
HE Dr
@ThaniAlZeyoudi
, Minister of State for Foreign Trade,
#UAE
outlined
#ALT
ÉRRA & its mission to catalyze finance for climate investment at the
#empowerME
panel ‘Mobilizing private capital & enhancing innovation capabilities in MENA renewables’, hosted by
@ACMideast
#COP28
By investing in sustainable food systems and leveraging
#ClimateFinance
, we can create a world where those in the most vulnerable communities have access to healthy and nutritious food, while also protecting the planet for future generations.
#ClimateAction
#COP28
#ALT
ÉRRA.
#ALT
ÉRRA & its partners are committed to accelerating the scaled up deployment of capital in high impact projects, particularly in EMDEs. The vehicle will continues to explore a range of partners & additional investment opportunities to finance a new climate economy, everywhere.
#ALT
ÉRRA is committed to making
#ClimateFinance
more available and accessible.
Aiming to mobilize US$250 billion by 2030, it brings to life a shared vision for a
#sustainable
future benefiting today's
#youth
and generations to come.
Dialogue focused on the need to strengthen the ecosystem for climate finance, ensuring catalytic finance grows at scale, with investment flowing to where it is needed most, and helping make green options the first choice for consumers.
Learn more:
French President Macron applauds the
#UAE
's commitment to innovative solutions for climate challenges, emphasizing
#ALTERRA
’s significant role in promoting environmental initiatives worldwide. This collaboration stands as a beacon of hope for a greener, more sustainable future.