Which country unveils $30 billion for new climate investment venture In World Climate Action Summit (WCAS)?

A. Saudi Arabia
B. UAE
C. USA
D. China

Answer

B. UAE


Detail About MCQs

A host of dignitaries were in attendance as the two-day World Climate Action summit opened on December 1, 2023, as part of COP28 where governments, development banks, and companies announced initiatives to mobilize billions in climate cash, while the UAE unveiled $30 billion for a new climate investment venture. Named ALTRRA, it will aim to mobilize $250 billion in investment by the end of the decade, in what COP28 President Sultan Ahmed Al-Jaber described as a `defining moment` for climate finance.

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