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Monday, 30 April 2018

ADIA eyes renewable technologies, long-term returns improve in 2017 | ZAWYA MENA Edition

ADIA eyes renewable technologies, long-term returns improve in 2017 | ZAWYA MENA Edition:

"Abu Dhabi Investment Authority (ADIA), the world's third-biggest sovereign wealth fund, said it may invest more in renewable energy, as climate change fears prompt fund managers even in the oil-rich Middle East to look beyond fossil fuels.

"The world's energy industry is in the early stages of a fundamental shift from fossil fuels to a more sustainable reliance on a range of renewable technologies," ADIA said in its 2017 annual review on Monday.

The ADIA's comments show how global sovereign funds are waking up to growing calls from governments to address climate change and to build a low-carbon society in the future."



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