In 2022, global emissions reached a record high of 36.8 billion tons of CO2. During 2023 several months broke global warming records and scientists at the European Union’s climate change service are now forecasting that it could be the warmest year ever logged. With global energy demand expected to surge by approximately 25% by 2030 and emissions expected to continue to grow, we face energy poverty in combination with climate impact, for the most vulnerable population in the world.

as world leaders gathered for COP28, the UAE
announced a US$30 billion commitment to the newly launched catalytic climate vehicle,
ALTÉRRA, that will drive forward international efforts to create a fairer climate finance
system, with an emphasis on improving access to funding for the Global South.

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