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

Rising temperatures and unpredictable weather patterns have become a pressing concern within the UAE. In April, Dubai experienced its heaviest rainfall in 75 years over a 24-hour period, triggering floods and chaos. A team of researchers from the World Weather Attribution initiative reported that this event was driven partly by the climate crisis which was bringing on a 10%-40% intensity in rainfall levels. On July 20, temperatures also hit a high of 42 degrees centigrade at Dubai International Airport, according to data from the US National Weather Service. However, intense humidity that day compounded the heat to make it feel…

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