Abu Dhabi Global Market, the Partner of COP28 in Climate Finance.
Abu Dhabi Global Market (ADGM) announced that it has been appointed as the Principal Partner for Climate Finance at the COP28 Conference of the Parties.
Which is scheduled to take place from November 30 to December 12, 2023.
In fact, this partnership highlights the strategic position of ADGM as the leading climate finance hub in the region.
This supports the formation and deployment of capital.
Abu Dhabi Global Market aims at closing the climate finance gap.
The World Bank expects the UAE’s non-oil economy to grow by 4.5% in 2023 due to strong performance in the tourism, real estate, construction, transportation, and manufacturing sectors and increased capital spending. pic.twitter.com/e0v65cBJp1
— UAE Voice (@uae_voiceeng) November 22, 2023
And also it continues to develop and issue innovative financial products and regulations.
In order to make progress towards closing the climate finance gap.
Which is about $11 trillion in capital needed to achieve net-zero emissions by 2050.
As the Principal Partner for Climate Finance, ADGM will organize a series of strategic negotiation sessions.
In addition to interactive discussions in the Blue and Green Zones to highlight its comprehensive climate finance ecosystem at COP28.
As part of the “Finance, Trade, and Gender Equality” day at COP28, which falls on December 4.
ADGM will host the 6th edition of the Abu Dhabi Sustainable Finance Forum in partnership with Masdar.
One of the key initiatives held under the Abu Dhabi Sustainability Week platform.
A New Milestone for ADGM.
This partnership is a significant milestone for ADGM and for the global climate finance community.
It recognizes ADGM’s commitment to supporting the growth of climate finance in the region.
As well as its leadership in developing innovative financial solutions to address climate change.
The partnership will also provide ADGM with a platform to showcase its work to a global audience.
Which includes policymakers, investors, and other stakeholders.
This will help to raise awareness of ADGM as a leading destination for climate finance and attract new investment into the region.
In fact, the sessions and discussions organized by ADGM at COP28 will provide an opportunity for stakeholders.
In order to discuss the latest developments in climate finance.
And also to explore ways to accelerate the transition to a net-zero emissions economy.
Abu Dhabi Sustainable Finance Forum will also provide a forum for stakeholders to share best practices.
And to network with other leaders in the field of climate finance.
Dubai currently leads in terms of international passengers worldwide, while we see strong growth in traffic in Sharjah, along with new and dynamic infrastructure in Abu Dhabi.
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— UAE Voice (@uae_voiceeng) November 21, 2023
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