COP28 will boost Dubai’s and DIFC’s green drive

COP28 will boost Dubai’s and DIFC’s green drive

In the pursuit of net zero goals and the transition to a clean energy future, new forms of capital and exchange are emerging to fund climate action, reinforcing the pivotal role of the finance industry in influencing sustainable outcomes

DIFC is building momentum and enhancing knowledge and awareness of COP28.

By Arif Amiri/Viewpoint Published: Mon 30 Jan 2023, 2:53 PM

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai has said that COP28 will be the most important event hosted by the nation in 2023. DIFC agrees.

DIFC’s commitment to sustainability began long before the UAE was announced as the host of COP28. As early as 2019, DIFC, along with other partners such as DFM, spearheaded the establishment of the Dubai Sustainable Finance Working Group (DSFWG) – the first group of its kind that has set out a roadmap to achieve the sustainability objectives of the UAE and develop sustainable finance policies for the emirate. Through the DSFWG, we have been integrating Environmental, Social and Governance (ESG) best practice across Dubai’s finance sector with the goal of creating the most sustainable financial hub in the region.

In the pursuit of net zero goals and the