Why A $30 Billion UAE Climate Fund Is Rejecting Data Center Deals
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AI is driving a global race for data-center power — but not every deal makes the cut. Altérra CEO Majid Al Suwaidi explains why a “clean” label alone is not enough for the UAE-backed climate fund in the latest episode of “Managing Middle East with Dan Murphy.” Launched at COP28 with a $30 billion commitment from the UAE, ALTÉRRA aims to mobilize $250 billion in climate investment by 2030, while backing projects it says can deliver both commercial returns and measurable climate impact. #CNBC #ManagingMiddleEast #ALTERRA #ClimateInvesting ----- Subscribe: @cnbci CNBC International Live: @cnbcinternationalive LinkedIn: https://www.linkedin.com/showcase/cnbc/ TikTok: https://www.tiktok.com/@cnbc Facebook: https://www.facebook.com/cnbc Instagram: https://www.instagram.com/cnbc Threads: https://www.threads.net/@cnbc X: https://twitter.com/CNBC Telegram: https://t.me/cnbc
Tags: CNBC, CNBC International, Abu Dhabi, UAE, Managing Middle East, Dan Murphy interview, United Arab Emirates, Altérra, Majid Al Suwaidi, climate investment, climate finance, climate technology, clean energy, energy transition, renewable energy, Global South, COP28, artificial intelligence, AI, data centers
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