“Glad to join the COP28 Summit, a pivotal platform for global climate action. Looking forward to engaging in meaningful dialogues and collaborations for a sustainable future,” Modi said on X.

Focused on rectifying the current challenges in climate finance, particularly in the Global South, ALTÉRRA intends to guide private investments towards climate change projects in emerging markets and developing economies.

The oil-rich host of the crunch United Nations COP28 climate negotiations in Dubai said it hopes the fund, called Alterra, will stimulate investments totalling $250 billion by 2030.

Until this year, those taking part were not obliged to say who they worked for, making it tricky to detect lobbyists and identify negotiators’ potential conflicts of interest.

In an opening address to the COP28 U.N. climate summit, King Charles told world leaders the dangers of climate change were no longer a distant risk, and urged them to take more action.

In the day’s opening address, Britain’s King Charles is expected to warn that repeated signs of climate impact are being ignored, with devastating consequences.

The initiatives were part of the summary — published by COP28 President Sultan Al Jaber and International Energy Agency (IEA) Executive Director Fatih Birol — of the series of high-level dialogues they have co-chaired in the run-up to the United Nations ‘Conference of the Parties’ on Climate, known as COP28.

“We cannot save a burning planet with a fire hose of fossil fuels,” Guterres said in a speech to the COP28 summit in Dubai.

Base wholesale fair value power prices in Germany and France, the region’s two largest economies, currently average around 102 and 105 euros per megawatt hour (MWh) respectively for the first quarter of 2024, according to LSEG.

Energy efficiency means “using less energy for the same or even higher level of service” from machinery or technology, according to specialist analysts Enerdata.