When the United Arab Emirates launched Alterra during COP28, it put on the table a bet of $30 billion with an uncomfortable message: the financial profitability and the climate impact are not incompatible. Almost three years later, CNBC International has visited the headquarters of the fund in Abu Dhabi to check how much of that ambition has been translated into real investments. The answer the channel collects is that of a vehicle that claims t…
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When the United Arab Emirates launched Alterra during COP28, it put on the table a bet of $30 billion with an uncomfortable message: the financial profitability and the climate impact are not incompatible. Almost three years later, CNBC International has visited the headquarters of the fund in Abu Dhabi to check how much of that ambition has been translated into real investments. The answer the channel collects is that of a vehicle that claims t…