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Brookfield raises $2.4 billion for climate fund backed by UAE

DUBAI – Brookfield Asset Management said on Monday it has raised $2.4 billion for the Catalytic Transition Fund (CTF), which is backed by...

FILE PHOTO: Brookfield Asset Management Vice Chairman and former Bank of England Governor Mark Carney speaks during a panel discussion at the headquarters of the International Monetary Fund during the Annual Meetings of the IMF and World Bank in Washington, U.S., October 13, 2022. REUTERS/James Lawler Duggan/File Photo
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Brookfield eyes $5 billion for UAE-backed climate fund

The fund, dubbed the Catalytic Transition Fund (CTF), was announced at the COP28 climate talks in Dubai last December.

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