UAE Business: Abu Dhabi Sustainable Finance Forum to be carbon neutral – Gulf Digital News

UAE Business: Abu Dhabi Sustainable Finance Forum to be carbon neutral – Gulf Digital News

Abu Dhabi Global Market (ADGM) has announced that the fourth edition of its landmark Abu Dhabi Sustainable Finance Forum (ADSFF), to be held virtually today (January 19), will be a carbon-neutral event and platform.

ADGM will collaborate with AirCarbon Exchange (ACX) to obtain its carbon neutrality status through an offsetting programme. This is done by purchasing carbon credits from a project that works to reduce or absorb carbon emissions.

The ADSFF is a purpose-driven and collective effort platform by the UAE’s financial sector to advance sustainable finance and investment of projects and initiatives that augment the country’s national climate goals and ambition towards a better and more sustainable future.

The ADSFF is a strategic extension of ADGM’s undertaking in supporting the UAE’s Net-Zero by 2050 Strategic Initiatives and commitment towards a thriving and sustainable economy. The forum will convene international government decision-makers, top global institutional investors, regulators, financial institutions, entrepreneurs and innovators to share best practices and discuss industry challenges.

The forum will also facilitate and spark new areas of cross-border collaborations to increase efforts that foster sustainable financing and accelerate the flow of capital towards sustainable investments and projects.

Commenting on the forum, Ahmed Jasim Al Zaabi,