Tag Archives: COP28

Business & Investments

COP28 Business & Philanthropy Climate Forum to Bring Together Global Heads of State & Government

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COP28 Business & Philanthropy Climate Forum to Bring Together Global Heads of State & Government along with Business CEOs and Philanthropists to Accelerate Progress on Climate Action and Industry Transition

·       The Forum will open on 30 November with a reception in the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, and His Majesty King Charles III.

·       ‘A Showcase Compendium of Collective Action’ for the Forum sets out initiatives and high-level outcomes underpinned by the COP28 Action Agenda.

·       Key initiatives include: a blended finance vehicle for climate projects in emerging markets and developing economies, a commercial nature fund linked to supply chains, a mechanism for market-based demand signals, and funding for Indigenous Peoples and organizations to protect and restore nature and biodiversity loss.

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Business & Investments

The DFSA adopts the UAE principles for the effective management of climate-related financial risks ahead of COP28

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The DFSA adopts the UAE principles for the effective management of climate-related financial risks ahead of COP28

Dubai, UAE, 16 November, 2023: The Dubai Financial Services Authority (DFSA), a founding member of the UAE Sustainable Finance Working Group (SFWG), took a significant step by adopting, alongside other financial regulators of the UAE, the Principles for the effective management of climate-related financial risks (the Principles). This is the Middle East region’s first initiative of this nature. Last Thursday, the DFSA, together with other members of the SFWG, attended an official ceremony hosted by the Central Bank of the UAE to launch the Principles.

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Business & Investments

Hitachi Energy highlights digitalization and sustainable solutions at WETEX 2023, ahead of COP28

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Hitachi Energy highlights digitalization and sustainable solutions at WETEX 2023, ahead of COP28

Dubai – November 15, 2023: Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, spotlights its cutting-edge sustainable energy solutions at the 25th edition of the Water, Energy, Technology, and Environment Exhibition (WETEX) and Dubai Solar Show, from Nov. 15-17 at the Dubai World Trade Centre. With a focus on digitalization, sustainability, and the upcoming COP28 in the UAE, Hitachi Energy’s participation is aligned with the event’s theme, “At the forefront of sustainability.”

At WETEX 2023, Hitachi Energy features various solutions that enable the transition to more renewables, digitalized and sustainable alternatives, thus supporting the UAE’s journey toward global net-zero goals. This effort aligns with the UAE’s 2050 net-zero Initiative and sustainable development objectives.

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COP28: PROGRESS AND CHALLENGES REVEALED IN GULF’S JOURNEY TO NET ZERO

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COP28: PROGRESS AND CHALLENGES REVEALED IN GULF’S JOURNEY TO NET ZERO

  • As the UAE gears up to host the global climate change summit, Arabian Gulf Business Insight (AGBI) provides guide to GCC’s current position and targets

Dubai, United Arab Emirates – 11 November 2023:  A special report analysing lower emissions targets and charting progress towards achieving them in the GCC is being made available today ahead of the UAE’s hosting of Cop28 later this month.

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Less than 90 Days to COP28: DIFC and GEFI Continue to Drive Action

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Less than 90 Days to COP28: DIFC and GEFI Continue to Drive Action for Climate finance and Announce Additional Event Programme.

  • The DIFC-hosted GEFI ‘Path to COP28’ programme is to culminate in a series of finance-focused events during COP28 in December.
  • Aligned with the COP28 Presidency’s vision, high-level climate finance summit developed to address ‘Financing Survival’ on 4 December.
  • The joint events programme will also delve into how Shariah-compliant finance represents an untapped pool of capital to actively address climate change.
  • The SDG Hive at COP28 to hold a series of high-impact discussions around select COP28 themes.
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