The summit discusses the financing strategies needed to decarbonize the global economy and brings together under its umbrella some of the brightest minds in the financial sector to explore ways to address climate change and achieve a just transition to a sustainable economy.
The summit is in line with the United Nations’ Sustainable Development Goals, which emphasize aligning financial flows with the global path to reduce greenhouse gas emissions and climate-resilient development efforts.
On this occasion, Arif Amiri, CEO of Dubai International Financial Center Authority, said: “Cooperation with the Global Ethical Finance Initiative’s Road to COP28 programme, including the second edition of the Sustainable Finance Summit, has part of our commitment to play a central and leading role in achieving our national priorities for COP28, which include accelerating efforts to achieve climate neutrality.
In turn, Omar Sheikh, co-founder and managing director of the Global Ethical Finance Initiative, said: “The global assessment at COP28 will be a watershed moment in determining the level of progress made towards achieving the objectives of the Paris Agreement. The UAE should lead global efforts to find the realistic and practical solutions required. » Accelerate the transformation of the global energy system.
Since the launch of the Road to COP28 program, the Dubai International Financial Center and the Global Ethical Finance Initiative organized the first global summit on sustainable finance, which attracted a group of investment institutions, banks, policymakers and leading financial service providers. , in addition to numerous round tables and a symposium dedicated to the role of women in finance. On the sidelines of the summit, the second session of the “Climate Finance Training Series” was also held, where financiers gained valuable insights into how to deal with global and local climate finance regulations, initiatives and frameworks. climate action.
The Dubai International Financial Center has confirmed that in the coming months it will work to find common solutions to address the challenges of climate change. The list of upcoming events includes the DIFC Future Sustainability Forum, a session dedicated to discussing the expectations of the financial sector for COP28, and the International Corporate Governance Network’s Global Conference. The Center will also host and participate in a series of related discussions and events in the run-up to COP28, which is due to take place on 12 December.
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