$34.5mn Confirmed in grants under UAE-Caribbean Renewable Energy Fund

Archive
1 min read

In addition to the UAE-Caribbean Renewable Energy Fund, the UAE has launched the $50mn UAE-Pacific Partnership Fund, which has implemented projects in 11 Pacific island countries

We realised that the kind of projects we pursue had to change. As a result, we have implemented a resilience standard for all of our Caribbean projects that reflects the reality of climate vulnerability in the region. Inspired by this precedent, we are now preparing for global roll-out of a resilience standard across over $5 billion of annual aid from the UAE.”“Hurricanes Irma and Maria were a wake-up call for us,” Minister Al Zeyoudi added. “We realised that the kind of projects we pursue had to change. As a result, we have implemented a resilience standard for all of our Caribbean projects that reflects the reality of climate vulnerability in the region. Inspired by this precedent, we are now preparing for global roll-out of a resilience standard across over $5 billion of annual aid from the UAE.”

Published September 30, 2018

Join the discussion — please keep to our Community Guidelines.