Dubai: Banks in the UAE have committed Dh100 billion to combat climate change initiatives. Officials from the banking sector revealed that the funds will be allocated to support sectors such as renewable energy and the enhancement of agricultural land quality.
The UAE Bank Federation, recognizing the pivotal role financial institutions play in advancing renewable energy, declared their financial support. Federation Chairman Abdul Aziz Al Ghurair announced a substantial aid package, with UAE banks collectively contributing one trillion dirhams.
At the UN climate summit COP28 held in Dubai, discussions centered on the economic sector, shedding light on the adverse impacts of climate change on women. The summit, attended by the World Bank Chief, emphasized the need for collaborative efforts to address climate-related challenges.
Simultaneously, the Green Zone at the climate summit witnessed increased public engagement, with more visitors exploring the various exhibits. The public can continue to access the Green Zone until the 12th of this month, as the climate summit is set to conclude on the 13th of the same month.
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