Global Sovereign Wealth Fund Community convene to support Paris Agreement and accelerate the energy transition in developing and emerging economies

Global Sovereign Wealth Fund Community convene to support Paris Agreement and accelerate the energy transition in developing and emerging economies

Abu Dhabi/Paris : Five months ahead of COP28 UAE in Dubai, Emmanuel Macron, President of the French Republic , John Kerry, U.S. Special Presidential Envoy for Climate and Ajay Banga, President of the World Bank met with 100 CEOs and leaders of the One Planet Sovereign Wealth Funds (OPSWF) Network. The central purpose of this meeting was to advance the financial community’s contribution to achieving the goals of the Paris Agreement, as the impacts of climate change are increasingly visible, especially in emerging and developing economies. The 6th Annual CEO OPSWF Network Summit has been convened by President Macron to coincide with the New Global Financial Pact Summit in Paris on 22-23rd June. The Summit is gathering Heads of State and leaders of financial institutions who are motivated by a joint desire to shape a new global financial architecture able to fully deliver for people and planet. Championed by President Emmanuel Macron, the OPSWF network was launched at the One Planet Summit in December 2017 in Paris to accelerate the integration of climate change analysis into the management of large, long-term, and diversified asset pools. The 47 members of the OPSWF network, representing more than US$37 trillion in assets under