The ALTÉRRA fund is a significant climate investment initiative launched by the UAE during COP28. With an allocation of $30 billion, the fund aims to mobilize private capital for climate investments, particularly focusing on emerging markets and the Global South.
One of the primary objectives of the ALTÉRRA fund is to mobilize $250 billion by 2030 for climate investments. Additionally, it seeks to create a more equitable climate finance system, addressing the disparities that currently exist.
ALTÉRRA will play a crucial role in supporting the broader COP28 agenda by driving investments in climate strategies. This aligns with the goal of accelerating global climate action and finance, especially in regions that are often overlooked.
The fund has enlisted the support of global asset managers such as BlackRock, Brookfield, and TPG. These partners are instrumental in mobilizing additional capital from institutional investors.
The launch of the ALTÉRRA fund at COP28 highlights the UAE's commitment to leading transformative solutions for climate-focused investments. It aims to address the needs of underserved regions, thereby enhancing global climate efforts.
ALTÉRRA plans to support climate action in developing countries by providing risk capital and leveraging concessional finance. This approach is designed to attract investments in the Global South, addressing the climate finance gap emphasized during COP28.
The ALTÉRRA fund aligns with discussions at COP28 regarding the urgent need to increase climate finance in emerging markets and developing economies. By focusing on these areas, the fund aims to bridge critical funding gaps and enhance climate resilience.
Q1. What is the main goal of the ALTÉRRA fund?
Answer: The primary goal of the ALTÉRRA fund is to mobilize $250 billion by 2030 for climate investments, enhancing the climate finance system and supporting underserved regions.
Q2. Which organizations are partners of the ALTÉRRA fund?
Answer: The fund partners include global asset managers such as BlackRock, Brookfield, and TPG, who help mobilize additional capital from institutional investors.
Q3. How does ALTÉRRA support climate action in developing countries?
Answer: ALTÉRRA provides risk capital and leverages concessional finance to attract investments, specifically targeting the climate finance gap in the Global South.
Q4. What is the significance of the ALTÉRRA fund at COP28?
Answer: The fund's launch underscores the UAE’s commitment to addressing climate finance needs, particularly in underserved regions, thereby enhancing global climate action initiatives.
Q5. How does ALTÉRRA align with global climate finance needs?
Answer: ALTÉRRA addresses the discussions at COP28 that emphasize the necessity of increasing climate finance in emerging markets and developing economies.
Question 1: What is the total amount of the ALTÉRRA fund announced at COP28?
A) $10 billion
B) $20 billion
C) $30 billion
D) $40 billion
Correct Answer: C
Question 2: Which of the following is a partner of the ALTÉRRA fund?
A) Goldman Sachs
B) BlackRock
C) Morgan Stanley
D) JPMorgan Chase
Correct Answer: B
Question 3: What is the target amount mobilized by ALTÉRRA by 2030?
A) $200 billion
B) $250 billion
C) $300 billion
D) $350 billion
Correct Answer: B
Question 4: ALTÉRRA primarily aims to support which regions?
A) Developed countries
B) Emerging markets
C) Arctic regions
D) Urban areas in the West
Correct Answer: B
Question 5: What kind of capital does ALTÉRRA plan to provide to attract investments?
A) Equity capital
B) Risk capital
C) Debt capital
D) Venture capital
Correct Answer: B
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