(Reuters) - The Arab Energy Fund, formerly known as APICORP, plans to invest up to $1 billion over the next five years in decarbonisation technologies, the Middle East and North Africa-focused multilateral financial institution said on Monday.
The planned investment and new name are part of a five-year strategy to 2028 to support the regional energy transition towards net-zero goals. The announcement was made during the COP28 climate summit in Dubai.
|