{"id":5654,"date":"2023-09-07T06:14:57","date_gmt":"2023-09-07T06:14:57","guid":{"rendered":"https:\/\/gbc1.net\/?p=5654"},"modified":"2024-03-29T05:31:44","modified_gmt":"2024-03-29T05:31:44","slug":"uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/","title":{"rendered":"UAE Commits $4.5 Billion for Climate Action in Africa Ahead of COP28"},"content":{"rendered":"\n<p>During the Africa Climate Summit (<a href=\"https:\/\/gbc1.net\/index.php\/tag\/acs23\/\">#ACS23<\/a>) in Nairobi, President-Designate of <a href=\"https:\/\/gbc1.net\/index.php\/tag\/cop28\/\">#COP28<\/a> Dr Sultan al Jaber announced that the UAE has committed USD 4.5 billion towards promoting the <a href=\"https:\/\/gbc1.net\/index.php\/tag\/greentransition\/\">#GreenTransition<\/a> in Africa. The funds will originate from a public-private consortium consisting of Etihad Credit Insurance (<a href=\"http:\/\/www.eci.gov.ae\" target=\"_blank\" rel=\"noreferrer noopener\">ECI<\/a>), Abu Dhabi Fund for Development (<a href=\"http:\/\/www.adfd.ae\" target=\"_blank\" rel=\"noreferrer noopener\">ADFD<\/a>), <a href=\"http:\/\/www.masdar.ae\" target=\"_blank\" rel=\"noreferrer noopener\">Masdar<\/a> and <a href=\"http:\/\/www.AMEAPower.com\" target=\"_blank\" rel=\"noreferrer noopener\">AMEA Power<\/a>.<\/p>\n\n\n\n<p>The funds are available for projects which are in line with the agenda of the upcoming COP28 which is scheduled to be held in Dubai from 30 November to 12 December 2023. This tranche is meant for the seven-year period until 2030 and will contribute to meeting the objective to triple climate finance globally during that period. <\/p>\n\n\n\n<p>The key pillars of the COP28 Agenda are:<\/p>\n\n\n\n<ul>\n<li>Fast-tracking Energy Transition<\/li>\n\n\n\n<li>Fixing Climate Finance<\/li>\n\n\n\n<li>Focusing on People, Lives and Livelihoods<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>&#8220;This initiative builds on the&nbsp;UAE&#8217;s track record of commercially driven, innovative blended finance solutions that can be deployed to promote the adoption of clean energy in emerging and developing nations. This multi-stakeholder partnership approach is designed to accelerate sustainable economic progress, address the challenge of climate change and stimulate low carbon growth.&#8221;<\/p>\n<cite>COP28 President-Designate Dr Sultan al Jaber<\/cite><\/blockquote>\n\n\n\n<p>The Fund will prioritize financing of projects in countries with a clear and realizable <a href=\"https:\/\/gbc1.net\/index.php\/tag\/energytransition\/\">#EnergyTransition<\/a> strategy and roadmap as part of a greener national energy master plan and supporting regulatory frameworks. Hopefully, this initiative will demonstrate the commercial viability of investing in the fight against <a href=\"https:\/\/gbc1.net\/index.php\/tag\/climatechange\/\">#ClimateChange<\/a> in Africa.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>&#8220;The Initiative will serve as a scalable model that can be replicated to help put Africa on a superhighway towards low-carbon growth.&#8221; <\/p>\n<\/blockquote>\n\n\n\n<p>Africa50 will act as a strategic partner to identify projects and connect to local implementing entities. Currently, the UAE has nearly USD 1.8 billion in clean energy projects in Africa in countries like Egypt, Angola, Senegal, Ghana, Ethiopia, South Africa, amongst others.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img data-dominant-color=\"5a758e\" data-has-transparency=\"false\" style=\"--dominant-color: #5a758e;\" decoding=\"async\" loading=\"lazy\" width=\"600\" height=\"300\" src=\"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/09\/AMEA-Power-in-South-Africa-120-MW-600x300-1-jpg.webp\" alt=\"\" class=\"not-transparent wp-image-5668\" srcset=\"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/09\/AMEA-Power-in-South-Africa-120-MW-600x300-1-jpg.webp 600w, https:\/\/gbc1.net\/wp-content\/uploads\/2023\/09\/AMEA-Power-in-South-Africa-120-MW-600x300-1-300x150.webp 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/figure><\/div>\n\n\n<p>It is estimated that 600 million people do not have access to grid electricity in Sub-Saharan Africa. Promoting the access to electricity via renewable sources will ensure Africa moves along on the green development pathway.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"UAE pledges billions for green development at Africa climate summit \u2022 FRANCE 24 English\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/INwgyi35v48?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>During the Africa Climate Summit (#ACS23) in Nairobi, President-Designate of #COP28 Dr Sultan al Jaber announced that the UAE has<\/p>\n","protected":false},"author":1,"featured_media":5661,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":0,"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":""},"categories":[13],"tags":[335,26,229,80,27],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UAE Commits $4.5 Billion for Climate Action in Africa Ahead of COP28<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE Commits $4.5 Billion for Climate Action in Africa Ahead of COP28\" \/>\n<meta property=\"og:description\" content=\"During the Africa Climate Summit (#ACS23) in Nairobi, President-Designate of #COP28 Dr Sultan al Jaber announced that the UAE has\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/\" \/>\n<meta property=\"og:site_name\" content=\"Global Business Council (GBC)\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-07T06:14:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-29T05:31:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/09\/uae-dr-sultan-al-jabber-africa-summit-climate-w-jpg.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"gbc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gbc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/\"},\"author\":{\"name\":\"gbc\",\"@id\":\"https:\/\/gbc1.net\/#\/schema\/person\/cab6d6e84e5294af65e6aa76c5752fad\"},\"headline\":\"UAE Commits $4.5 Billion for Climate Action in Africa Ahead of COP28\",\"datePublished\":\"2023-09-07T06:14:57+00:00\",\"dateModified\":\"2024-03-29T05:31:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/\"},\"wordCount\":350,\"publisher\":{\"@id\":\"https:\/\/gbc1.net\/#organization\"},\"keywords\":[\"ACS23\",\"ClimateChange\",\"COP28\",\"EnergyTransition\",\"GreenTransition\"],\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/\",\"url\":\"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/\",\"name\":\"UAE Commits $4.5 Billion for Climate Action in Africa Ahead of COP28\",\"isPartOf\":{\"@id\":\"https:\/\/gbc1.net\/#website\"},\"datePublished\":\"2023-09-07T06:14:57+00:00\",\"dateModified\":\"2024-03-29T05:31:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/gbc1.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"UAE Commits $4.5 Billion for Climate Action in Africa Ahead of COP28\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gbc1.net\/#website\",\"url\":\"https:\/\/gbc1.net\/\",\"name\":\"Global Business Council (GBC)\",\"description\":\"Connecting ... Dots\",\"publisher\":{\"@id\":\"https:\/\/gbc1.net\/#organization\"},\"alternateName\":\"GBC\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/gbc1.net\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/gbc1.net\/#organization\",\"name\":\"Global Business Council (GBC)\",\"alternateName\":\"GBC\",\"url\":\"https:\/\/gbc1.net\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/gbc1.net\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/07\/GBC.png\",\"contentUrl\":\"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/07\/GBC.png\",\"width\":1200,\"height\":200,\"caption\":\"Global Business Council (GBC)\"},\"image\":{\"@id\":\"https:\/\/gbc1.net\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.linkedin.com\/company\/globiznet\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/gbc1.net\/#\/schema\/person\/cab6d6e84e5294af65e6aa76c5752fad\",\"name\":\"gbc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/gbc1.net\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d885239a5c83809eb00f912fef7d8048?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d885239a5c83809eb00f912fef7d8048?s=96&d=mm&r=g\",\"caption\":\"gbc\"},\"sameAs\":[\"https:\/\/gbc1.net\"],\"url\":\"https:\/\/gbc1.net\/index.php\/author\/gbc\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"UAE Commits $4.5 Billion for Climate Action in Africa Ahead of COP28","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/","og_locale":"en_US","og_type":"article","og_title":"UAE Commits $4.5 Billion for Climate Action in Africa Ahead of COP28","og_description":"During the Africa Climate Summit (#ACS23) in Nairobi, President-Designate of #COP28 Dr Sultan al Jaber announced that the UAE has","og_url":"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/","og_site_name":"Global Business Council (GBC)","article_published_time":"2023-09-07T06:14:57+00:00","article_modified_time":"2024-03-29T05:31:44+00:00","og_image":[{"width":600,"height":400,"url":"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/09\/uae-dr-sultan-al-jabber-africa-summit-climate-w-jpg.webp","type":"image\/jpeg"}],"author":"gbc","twitter_card":"summary_large_image","twitter_misc":{"Written by":"gbc","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/#article","isPartOf":{"@id":"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/"},"author":{"name":"gbc","@id":"https:\/\/gbc1.net\/#\/schema\/person\/cab6d6e84e5294af65e6aa76c5752fad"},"headline":"UAE Commits $4.5 Billion for Climate Action in Africa Ahead of COP28","datePublished":"2023-09-07T06:14:57+00:00","dateModified":"2024-03-29T05:31:44+00:00","mainEntityOfPage":{"@id":"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/"},"wordCount":350,"publisher":{"@id":"https:\/\/gbc1.net\/#organization"},"keywords":["ACS23","ClimateChange","COP28","EnergyTransition","GreenTransition"],"articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/","url":"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/","name":"UAE Commits $4.5 Billion for Climate Action in Africa Ahead of COP28","isPartOf":{"@id":"https:\/\/gbc1.net\/#website"},"datePublished":"2023-09-07T06:14:57+00:00","dateModified":"2024-03-29T05:31:44+00:00","breadcrumb":{"@id":"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/gbc1.net\/index.php\/2023\/09\/07\/uae-commits-4-5-billion-for-climate-action-in-africa-ahead-of-cop28\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gbc1.net\/"},{"@type":"ListItem","position":2,"name":"UAE Commits $4.5 Billion for Climate Action in Africa Ahead of COP28"}]},{"@type":"WebSite","@id":"https:\/\/gbc1.net\/#website","url":"https:\/\/gbc1.net\/","name":"Global Business Council (GBC)","description":"Connecting ... Dots","publisher":{"@id":"https:\/\/gbc1.net\/#organization"},"alternateName":"GBC","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gbc1.net\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/gbc1.net\/#organization","name":"Global Business Council (GBC)","alternateName":"GBC","url":"https:\/\/gbc1.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/gbc1.net\/#\/schema\/logo\/image\/","url":"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/07\/GBC.png","contentUrl":"https:\/\/gbc1.net\/wp-content\/uploads\/2023\/07\/GBC.png","width":1200,"height":200,"caption":"Global Business Council (GBC)"},"image":{"@id":"https:\/\/gbc1.net\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/globiznet\/"]},{"@type":"Person","@id":"https:\/\/gbc1.net\/#\/schema\/person\/cab6d6e84e5294af65e6aa76c5752fad","name":"gbc","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/gbc1.net\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d885239a5c83809eb00f912fef7d8048?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d885239a5c83809eb00f912fef7d8048?s=96&d=mm&r=g","caption":"gbc"},"sameAs":["https:\/\/gbc1.net"],"url":"https:\/\/gbc1.net\/index.php\/author\/gbc\/"}]}},"_links":{"self":[{"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/posts\/5654"}],"collection":[{"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/comments?post=5654"}],"version-history":[{"count":11,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/posts\/5654\/revisions"}],"predecessor-version":[{"id":5669,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/posts\/5654\/revisions\/5669"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/media\/5661"}],"wp:attachment":[{"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/media?parent=5654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/categories?post=5654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gbc1.net\/index.php\/wp-json\/wp\/v2\/tags?post=5654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}