Administration of Joseph R. Biden, Jr., 2023

December 1, 2023

I welcome President Mohamed bin Zayed's announcement of the AltÃ©rra Fund, a $30 billion catalytic climate finance vehicle aimed at mobilizing the capital and investment needed to fight the global climate crisis. AltÃ©rra can play an important role in supporting the clean energy transition and enhancing resilience, particularly the $5 billion focused on making it easier to invest in least developed countries and small island developing states. And it reflects the United States and U.A.E.'s common commitmentâsolidified last year through our Partnership for Accelerating Clean Energyâto broaden clean energy investments and reduce emissions globally.

Categories: Statements by the President : United Arab Emirates, creation of AltÃ©rra Fund for climate finance.

Names: Mohammed bin Zayed Al Nahyan.

Subjects: Clean energy transition in developing countries, international assistance; Climate finance, international assistance for developing countries; United Arab Emirates, AltÃ©rra Fund for climate finance; United Arab Emirates, President.

DCPD Number: DCPD202301072.

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