UAE and IRENA launch US$1bn global finance platform to accelerate renewable energy
The new accelerator platform will help mitigate investment risks and finance renewable energy projects in developing countries that may otherwise struggle to secure sufficient capital. (Image source: Adobe Stock)
The UAE and the International Renewable Energy Agency (IRENA) have announced the Energy Transition Accelerator Financing (ETAF) Platform, a new global climate finance facility to accelerate the transition to renewable energy in developing countries