Mohamed Bin Hadi Al Hussaini participates in COP27 “Finance Day” at Sharm El-Sheikh

Mohamed Bin Hadi Al Hussaini participates in COP27 “Finance Day” at Sharm El-Sheikh

His Excellency Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, participated in the “Finance Day”, which was held yesterday on the sidelines of COP27 at Sharm El-Sheikh, Egypt. The “Finance Day” sought to discuss climate finance and green projects, as well as the role of the private sector in investing in green, environment-friendly projects.

The UAE delegation included Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations Sector at Ministry of Finance; and Thuraya Hamed Al Hashemi, Director of the International Tax Department at Ministry of Finance. A number of finance ministers, heads of regional and international financial institutions, managers of global banks, and others concerned with climate finance issues convened at the “Finance Day”.

H.E. Mohamed Bin Hadi Al Hussaini emphasised the UAE’s commitment to climate issues, which is reflected in its assumption of COP28. H.E. noted that climate action is an urgent priority and is essential for achieving sustainable economic growth in the region. “Climate issues are of global concern. The international community must take all necessary measures to recover from climate impacts, and promote investments in climate finance and environment-friendly projects such as clean energy and green infrastructure, to achieve sustainable economic and social development,”