Abu Dhabi Fund for Development
Abu Dhabi Fund for Development (ADFD) is the UAE’s leading bilateral development financing institution that supports developing countries achieve sustainable and inclusive growth. Established in 1971 and owned by the Abu Dhabi Government, ADFD finances the development of infrastructure projects in developing nations through the use of concessionary loans, long-term and strategic investments, and exports financing that help partner countries achieve highly impactful economic, social and environmental objectives. ADFD also manages grants offered by the Abu Dhabi government to developing nations, and supports the UAE’s overall agenda for international aid.
International Renewable Energy Agency (IRENA)
The International Renewable Energy Agency (IRENA) is an intergovernmental organisation that supports countries in their transition to a sustainable energy future and serves as the principal platform for international co-operation, a centre of excellence and a repository of policy, technology, resource and financial knowledge on renewable energy. IRENA promotes the widespread adoption and sustainable use of all forms of renewable energy, including bioenergy, geothermal, hydropower, ocean, solar and wind energy, in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity.
Ministry of Climate Change and Environment (MOCCAE)
The UAE’s journey in climate action started with its accession to the United Nations Framework Convention on Climate Change (UNFCCC) in 1995. In 2015, the UAE became the first country in the GCC region to sign the Paris Agreement, and in October 2021, the nation reaffirmed its climate leadership by launching the UAE Net Zero by 2050 Strategic Initiative as the first country in the region to pursue a net-zero pathway. Recognizing the crucial role of renewable energy in fighting climate change, the UAE is a key driver of renewables deployment at home and abroad. The nation has invested US$16.8 billion in renewable energy projects in 70 countries, and targets a 50-percent share of clean energy in its domestic energy mix by 2050. As a prime convener of global climate action, the UAE is gearing up to host the 28th UN Climate Change Conference (COP28) in 2023. The nation’s climate efforts are spearheaded by the Ministry of Climate Change and Environment (MOCCAE).