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TOP STORIES: Morocco’s MAD 220 bn investment plan + Emicool gets its first AED 2 bn in green financing
What we’re tracking this week regionally and around the world
COP16 kicks off in Riyadh with a USD 2 bn pledge to help drought-hit countries
Saudi Arabia has pledged USD 150 mn to support drought-hit countries over the next 10 years
COP29 delivers final text tripling annual climate finance target after running into overtime
It aims to raise climate finance to USD 1.3 tn by 2035 for developing countries
Negotiators are hashing out a full draft of new funding targets
Finance and policy updates continue to trickle in
The final stage of negotiations starts at COP29
11 Countries submit their first BTR ahead of deadline, AIM for Climate expands investments to USD 29.2 bn
Masdar and Acwa take the lead on agreements at COP29
Masdar, Socar, and Acwa Power will develop 3.5 GW worth of offshore wind projects in Azerbaijan’s Caspian Sea
COP29 snaps up USD 5.4 bn in pledges + USD 2 bn is earmarked for farming adaptation
ADB, Azerbaijan's banking sector, and Sweden made pledges for green initiatives
A rundown of major financing commitments at COP29 so far
These include MDBs committing USD 120 bn for low- and middle-income nations
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