Why Dubai-based VCs are looking to invest in European climate tech
Briefly

The World Weather Attribution initiative noted that the recent heavy rainfall in Dubai was driven partly by the climate crisis, escalating rainfall intensity by 10%-40%.
Dubai's landscape makes it particularly vulnerable to extreme weather, yet it also presents opportunities for climate tech innovation amid rising temperatures and unpredictable weather patterns.
Dubai is focusing on sustainable transformation in response to slow climate action progress, highlighted at COP28, promoting policies for accelerating climate action.
The UAE's Green Agenda 2030 aims to enhance GDP by 4-5%, while significantly reducing emissions through a competitive knowledge economy and sustainable resource use.
Read at TNW | Sustainability
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