AIIB and UAE’s COP28 Presidency Collaborate to Boost Climate Investments

The Asian Infrastructure Investment Bank (AIIB) and the Presidency of the United Arab Emirates’ COP28 have recently joined forces to enhance climate investment funds and promote clean energy initiatives. This partnership aims to create innovative financial structures that will attract both private and institutional capital, improve the architecture of multilateral development finance, and foster collaboration through operational support and knowledge sharing between institutions.

This collaboration is viewed as a critical step towards fulfilling the 2030 agenda and the targets outlined in the Paris Agreement. AIIB President Jin Liqun describes this alliance as an important advancement in unlocking additional capital and generating value in areas that require it most.

Additionally, the AIIB and COP28 Presidency initiative seeks to stimulate climate investment capital by utilizing innovative financial frameworks. Among these is the blended finance model, tailored specifically for green projects.

COP28 President-Designate Sultan Al Jaber highlighted that the goal of this partnership is to attract private investments, unleash necessary funds, and support initiatives focused on mitigation, adaptation, and climate resilience. He anticipates that this collaboration will pave the way toward unlocking essential financial resources, drawing in private capital, and advancing strategies that promote both mitigation and adaptation for a climate-resilient future.

This article was generated with the support of AI and reviewed by an editor.