UAE, Irena set up $1bn finance platform for renewable energy

Oil & Gas News Worldwide | Nov 3, 2021 at 1:00 AM
  • The UAE and the International Renewable Energy Agency (Irena) have announced the launch of a Energy Transition Accelerator Financing (ETAF) Platform, a new global climate finance facility for accelerating the transition to renewable energy in developing countries.
  • The UAE has committed $400 million in funding provided by the Abu Dhabi Fund for Development (ADFD) toward the platform’s goal of securing a minimum of $1 billion in total funding.