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The UAE's development bank, Emirates Development Bank (EDB), is allocating 1.3 billion dirhams ($350 million) to support renewable energy projects in emerging economies. This financial endorsement follows a collaborative partnership agreement between EDB and the International Renewable Energy Agency (IRENA), and reinforces the longstanding partnership between the UAE and IRENA in advancing sustainable energy initiatives.

UAE supports global energy transition projects with $350m

The UAE’s development bank, Emirates Development Bank (EDB), is allocating 1.3 billion dirhams ($350 million) to support renewable energy projects in emerging economies. This financial endorsement follows a collaborative partnership agreement between EDB and the International Renewable Energy Agency (IRENA), and reinforces the longstanding partnership between the UAE and IRENA in advancing sustainable energy initiatives.

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