During a historic climate summit hosted by Kenya on Tuesday, the United Arab Emirates announced a $4.5 billion investment in sustainable energy projects for Africa. The event’s goal was to attract funds for the fight against global warming.

Sultan Al Jaber, who oversees the government-owned renewable energy company Masdar, the UAE’s national oil giant ADNOC, and the COP28 climate negotiations, said, “We will deploy $4.5 billion… to jumpstart a pipeline of bankable clean energy projects in this very important continent.”

SOURCE:PUNCH