Inside the UAEs vision for a state-backed climate fund
The United Arab Emirates is considering creating one of the largest ever state-sponsored financial funds to spur clean energy projects, and the wealthy oil nation plans to unveil the fund at this year\u2019s U.N. Climate Change Conference in Dubai. It\u2019s a notable effort since the UAE is drawing backlash for its role as host of the global climate talks while also being one of the world's largest contributors of greenhouse gases. POLITICO\u2019s Zack Colman breaks down the details of the fund, why it might relieve political pressure for the UAE, and the concerns from less wealthy nations. Plus, the Biden administration is scrapping its plans to reconsider a Trump-era decision not to strengthen the national standard for ground-level ozone.\xa0\n\nFor more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch\n\nAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy\n\nJosh Siegel is an energy reporter for POLITICO. \nZack Colman covers climate change for POLITICO. \nNirmal Mulaikal is a POLITICO audio host-producer. \nAlex Keeney is a senior audio producer at POLITICO. \nGloria Gonzalez is the deputy energy editor for POLITICO. \nMatt Daily is the energy editor for POLITICO.