World’s Largest Climate Fund Sees Few Investment Opportunities

Alterra, the world’s largest private climate investment fund of $30 billion launched by the United Arab Emirates (UAE) last year, sees a lack of investment opportunities in the energy transition and has only spent a small part of its money, the fund’s chief executive Majid Al Suwaidi told Bloomberg. There aren’t attractive investment deals in the clean energy sector right now, especially in emerging and developing markets, the executive told Bloomberg, declining to go into details how much the fund has spent over the past year....