DIFC mobilises action on climate finance in the run up to COP28

DIFC mobilises action on climate finance in the run up to COP28

Dubai International Financial Centre (DIFC), a leading global financial centre, is building momentum on the critical role of finance in addressing global sustainability challenges ahead of COP28 at the second Sustainable Finance Summit.

The Summit, held at the DIFC Atrium as part of the DIFC-hosted Global Ethical Finance Initiative’s (GEFI) ‘Path to COP28’ programme, outlined strategies for finance to decarbonise the real economy.

It brought together some of the brightest minds in the finance industry to explore ways for the sector to lead action on climate change and deliver a just transition to a sustainable economy. Reflecting the importance of the finance industry to accelerating climate change initiatives, welcome remarks were provided via video by COP28 Director General Ambassador, Majid Al Suwaidi.

Climate-resilient development

As the UAE prepares to host COP28, the summit aligns with the United Nations Sustainable Development Goals that focusse on making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.

Commenting on the ‘Path to COP28’ programme, Arif Amiri, CEO of DIFC Authority, said: “Collaborating with Global Ethical Finance Initiative for the ‘Path to COP28’ programme, including the second Sustainable Finance Summit supports DIFC’s commitment to play a leading role in advancing the nation’s COP28 priorities