Lunate Capital, based in the UAE, is partnering with global asset managers to create a $30 billion climate fund named Alterra, as announced at the COP28 summit in Dubai. Managed by Lunate and funded by the UAE, Alterra will consist of two components: Alterra Acceleration, allocating $25 billion to institutional capital, and Alterra Transformation, providing $5 billion in risk mitigation for investments in the Global South and emerging markets. Lunate Capital, part of Chimera Investment LLC and o...
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