PRESS RELEASE
6 December 2023

Akin At COP28

AG
Akin Gump Strauss Hauer & Feld LLP

Contributor

Akin is a law firm focused on providing extraordinary client service, a rewarding environment for our diverse workforce and exceptional legal representation irrespective of ability to pay. The deep transactional, litigation, regulatory and policy experience we bring to client engagements helps us craft innovative, effective solutions and strategies.
On Thursday, a group of nations led by the UAE and several European countries agreed to establish a loss and damage startup fund to help developing countries keep up with the rising...
United States

Akin is participating at COP28 and providing regular updates from the conference.

Friday, December 1, 2023 Updates:

  • On Thursday, a group of nations led by the UAE and several European countries agreed to establish a loss and damage startup fund to help developing countries keep up with the rising costs of extreme weather and climate disasters. At present, the initial funding is nearly $429 million, with the UAE and Germany making the largest pledges at $100 million each.
  • Today the UAE announced a $30 billion commitment to ALTÉRRA, a catalytic climate vehicle that is focused on global climate solutions. $25 billion will be allocated to climate strategies and $5 billion will be used to incentivize investment into the Global South. Collaborators include BlackRock, Brookfield, TPG and Lunate.
PRESS RELEASE
6 December 2023

Akin At COP28

United States

Contributor

Akin is a law firm focused on providing extraordinary client service, a rewarding environment for our diverse workforce and exceptional legal representation irrespective of ability to pay. The deep transactional, litigation, regulatory and policy experience we bring to client engagements helps us craft innovative, effective solutions and strategies.
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