$10 billion allocated to support clean energy transition in developing countries

The Arab Coordination Group, a strategic alliance of regional and international development institutions, announced at the United Nations Climate Change Conference COP28 the allocation of US$10 billion until 2030 to support a just transition to clean energy in developing countries.

This commitment comes as part of a strategic plan that includes seven main points to accelerate the global transition to renewable energy sources, and the commitment is part of the previous pledge made by the group worth 24 billion US dollars.