Abu Dhabi Global Market (ADGM), the international financial centre of UAE’s capital, announced today its appointment as ‘Principal Climate Finance Partner’ at COP28, set to run in the UAE from 30th November to 12th December 2023.
This partnership highlights ADGM’s strategic emergence as a climate finance hub in the region, which has been supporting capital formation and deployment as well as the creation and issuance of innovative financial products and regulations to achieve progress towards bridging an estimated $11 trillion of capital needed for net-zero by 2050.
As the Principal Climate Finance Partner, the Abu Dhabi Global Market will be staging a series of strategic negotiations and interactive discussions across the blue and the green zones showcasing its thriving climate finance ecosystem during COP28.
Presented on the thematic day of “Finance, Trade & Gender Equality” at COP28, ADGM will also host on 4th December 2023, its sixth edition of the Abu Dhabi Sustainable Finance Forum (ADSFF) in partnership with Masdar a major initiative within, as part of the Abu Dhabi Sustainability Week platform.
The upcoming forum is set to feature high-profile C-level executives hailing from renowned global financial institutions, including JP Morgan Chase, Morgan Stanley, BNP Paribas, General Atlantic, Tikehau Capital and Euroclear, Southbridge, One Planet Sovereign Wealth Fund (OPSWF).
The agenda is rich with key progress milestones, notably the unveiling of the evolving investment strategies employed by Sovereign Wealth Funds in partnership with OPSWF. Additionally, an exclusive interview will examine Abu Dhabi’s ascent as a rising capital of climate finance, accompanied by a significant announcement from the Lord Mayor of the City of London.
The event promises special insights into the ever-evolving regulatory landscape surrounding climate finance, with a dedicated focus on enhancing carbon markets and fostering innovation in financing solutions. Attendees can also anticipate an interview with the President of JP Morgan Chase, shedding light on one of the world’s largest banks and its strategic approach to financing the transition. This forum is poised to deliver perspectives and updates at the forefront of global finance.