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