ADGM, the region’s leading climate finance hub, announces its role as principal partner at COP28

ADGM, the region’s leading climate finance hub, announces its role as principal partner at COP28

ADGM has successfully introduced the region’s first comprehensive sustainable finance regulatory framework and environmental instruments to its capital markets framework, bringing the world’s first regulated voluntary carbon exchange, AirCarbon Exchange (ACX) under its jurisdiction.

ADGM chairs the UAE Sustainable Finance Working Group (SFWG) composed of UAE regulatory authorities, Federal Ministries and exchanges.

Abu Dhabi: Abu Dhabi Global Market (ADGM), the international financial centre of UAE’s capital, announced today its appointment as 'Principal Climate Finance Partner' at COP28, set to run in the UAE from 30th November to 12th December 2023. This partnership highlights ADGM's strategic emergence as the leading climate finance hub in the region, which has been supporting capital formation and deployment as well as the creation and issuance of innovative financial products and regulations to achieve progress towards bridging an estimated USD 11 trillion of capital needed for net-zero by 2050.

As the Principal Climate Finance Partner, ADGM will be staging a series of strategic negotiations and interactive discussions across the blue and the green zones showcasing its thriving climate finance ecosystem during COP28.

Presented on the thematic day of "Finance, Trade & Gender Equality" at COP28, ADGM will also host on 4th December 2023, its sixth