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Egypt-Italy interconnection could cost up to USD 20 bn
PLUS: UAE’s Alterra pours USD 100 into India’s Evren in first Global South direct investment play
TODAY: COP29 fizzles out with a “check in the mail” + IFC kicks in USD mns in green financing to Egypt
What we’re tracking this morning regionally and around the world
Brookfield raises USD 2.4 bn for the UAE-backed Catalytic Transition Fund
The CTF is anchored by a USD 1 bn commitment from Alterra fund set up by the UAE during COP28
Brookfield wants to drum up USD 5 bn for Alterra-backed climate fund
The UAE’s Catalytic Transition Fund has already pledged USD 1 bn during COP28