Global experts discuss export credit’s role in climate action – Gulf Today

Global experts discuss export credit’s role in climate action – Gulf Today

Abdullah Bin Touq Al Marri speaks at COP28 in Dubai.

Etihad Credit Insurance (ECI), the UAE’s Federal export credit company, hosted an event titled ‘Mobilising Export Credit Insurance to Drive Positive Climate Impact’ at the 28th UN Climate Change Conference (COP28) in Dubai, underscoring ECI’s commitment to fostering international dialogue on sustainable trade and export credit insurance.

Inaugurated by Abdullah Bin Touq Al Marri, Minister of Economy and Chairman of Etihad Credit Insurance (ECI), the event delved into the vital role of export credit insurance in facilitating the transition to a low-carbon economy and highlighting how this financial instrument can incentivise environmentally responsible practices, drive innovations in climate-friendly sectors, and mobilise financial resources towards the goal of net-zero emissions by 2050.

Bin Touq remarked, “Today’s event at COP28 marks a crucial step in our collective journey towards a greener future. The UAE is committed to leading the way in sustainable economic development, equipping future generations with the skills and opportunities to thrive in an environmentally conscious world. Our efforts today lay the groundwork for a more sustainable and prosperous tomorrow.”

Raja Al Mazrouei, CEO of ECI, said, “This event has been a convergence of ideas and ambitions, shining a light on