First Abu Dhabi Bank (FAB)’s Post

The COP28 UAE TechSprint was launched to scale means of implementation for climate action through advancing innovative technology solutions in sustainable finance, in line with the principles of the Global Climate Finance Framework. In 2024, efforts to innovate in sustainable finance have continued to gain momentum, with significant progress made by participating innovators and developers from around the world since COP28. We have also seen global organizations take steps towards deploying advanced technology solutions in sustainability. #COP28 #UAEConsensus Central Bank of The UAE | Bank for International Settlements – BIS | Emirates Institute of Finance (EIF)

🌍 Join us for Mobilizing Climate Finance for the Global South at the UAE Pavilion in Baku on Finance Day, coordinated by the Global Climate Finance Centre! As global efforts against climate change escalate, the Global South presents vast opportunities for green growth and climate innovation, though critical gaps in climate finance and project support remain. This event will highlight innovative financing solutions tailored for emerging markets and showcase how South-South collaboration can drive sustainable development. 💡 Leaders from public and private sectors will discuss strategies to unlock capital for resilient infrastructure, renewable energy, and sustainable industrial growth. Don’t miss the chance to be part of this pivotal conversation! #ClimateFinance #GreenDevelopment #SustainableFuture #EmergingMarkets #FinanceDay #COP29 Abdulla B. Hussein Matar Tshepidi Moremong Ahmed Saeed Joseph N. Africa50 Infrastructure Investment Platform AMEA Power Allied Climate Partners The Global Energy Alliance for People and Planet (GEAPP) COP28 UAE

🇦🇪 UAE Takes a Significant Step Towards Climate Neutrality 🌿 The UAE Cabinet has recently issued a resolution establishing a National Register for Carbon Credits. This crucial step aligns with the nation's commitment to achieving climate neutrality by 2050. Key Objectives of the Resolution: - Tracking and Documenting Carbon Reductions: The register will monitor and verify carbon emissions and reductions across various sectors. - Facilitating Carbon Credit Trading: A structured market for carbon credits will be established, enabling entities to offset their emissions. - Enhancing Transparency and Accountability: Clear guidelines and reporting standards will ensure transparency in emissions reporting and verification. The UAE's National Register for Carbon Credits will significantly impact businesses operating within the country. Entities with substantial carbon emissions will be obligated to register with the National Register and implement rigorous monitoring and verification systems. This will necessitate investments in advanced emissions management technologies and sustainable practices. Smaller entities, while not mandated, are encouraged to voluntarily participate in carbon credit trading. This not only enhances their sustainability profiles but also opens up new market opportunities. The establishment of a carbon trading platform will facilitate the buying and selling of carbon credits, providing a financial incentive for emissions reduction. By embracing these regulations, businesses in the UAE can contribute to the nation's climate goals and gain a competitive edge in the global market. Ready to take the next step toward a sustainable future? Connect with the GREENIPATH team today via DM or hq@greenipath.com to explore innovative strategies and accelerate your sustainability journey. #GREENIPATH #GreenPathForward #sustainability #sustainabledevelopment #climate #climateaction #climatecrisis #sdgs #ESG #portfoliomanagement #environment #impact #nature #netzero

#ALTÉRRA’s CEO had the pleasure of participating in a fireside chat with Anna Edwards during the Bloomberg Sustainable Finance Forum yesterday. We continued our critical conversation on financing the energy transition and #ALTÉRRA’s role in making it a reality. Here are some key takeaways: 1. There is a significant mismatch between available capital and viable climate projects, particularly in the Global South. Our mission at ALTÉRRA, the largest private fund focused purely on climate action, is to bridge this gap and unlock the necessary finance. 2. Traditional finance often overlooks high-growth opportunities in developing economies. Investing in EMDE decarbonization yields 30% more emissions reductions by 2035, yet these regions receive less than 15% of global clean energy investment. 3. ALTÉRRA’s unique scale, scope and structure, comprising a $5 billion transformation fund and a $25 billion acceleration fund, allows us to mobilize capital at scale towards transformative climate solutions and underserved markets in the Global South. 4. We are developing a world-class climate impact framework that will provide transparency and accountability in how our climate investments drive a step-change to deliver impact, additionality, and commerciality. 5. The UAE's dedication to sustainable development, rooted in our history and culture, underscores our commitment to being a global leader in climate action. Hosting COP28 last year and launching ALTÉRRA are testaments to this commitment. Looking ahead, ALTÉRRA aspires to be the leading climate finance vehicle globally and with our $30 billion, to mobilize $250 billion by 2030. We aim to inspire others to join us in this transformative journey, ensuring a sustainable and prosperous future for all. Thank you to #Bloomberg for hosting such an insightful forum today and to everyone who continues to support and collaborate with us on this vital mission. #SustainableFinance #ClimateAction #EnergyTransition #GlobalSouth #ClimateInvestment # ALTÉRRA #COP28 #Bloomberg #ClimateImpact

GCFC and ALTÉRRA Partner to Accelerate Global Climate Investments The UAE’s future as a world class centre for Climate Finance took further shape today as GCFC and ALTÉRRA, the world’s largest climate-focused private investment vehicle, joined forces to boost climate investments in emerging and developing markets. This strategic partnership focuses on: · Developing a shared approach to transition frameworks and engage stakeholders to align with ALTÉRRA's evolving climate impact framework. · Identifying innovative methods to deploy climate finance into emerging and developing markets. · Co-creating thought leadership on key climate finance topics. · Co-hosting events to facilitate knowledge sharing and partnerships. ALTÉRRA, the US$30 billion catalytic climate investment fund launched at COP28 UAE, seeks to bridge the climate financing gap by mobilizing up to $250 billion of institutional and private capital by 2030 and driving climate investment to where it is most needed to unlock impact at scale. The GCFC helps to create an ecosystem that enables investments into low-carbon, sustainable and resilient projects by bringing together cutting-edge research, capacity building programs, and leading experts to develop fit-for-purpose financial frameworks. This partnership is a significant step forward in accelerating climate finance flows to developing economies, where it's most needed. Learn more here! 🔗 https://lnkd.in/dFznVeZJ #GCFC #ALTÉRRA #ClimateFinance #ClimateInvestments #EmergingMarkets #DevelopingMarkets #TransitionFrameworks #ClimateImpact #ClimateInvestmentFund #Cop28 #LowCarbon #SustainableProjects 

STARTING SOON ➡ 𝗦𝗰𝗮𝗹𝗶𝗻𝗴 𝘂𝗽 𝘁𝗵𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝗲𝗰𝘁𝗼𝗿'𝘀 𝗖𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝘁𝗼 𝗘𝗠𝗗𝗘𝘀' 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 Climate change represents both a challenge and an opportunity for financial institutions in Emerging Markets and Developing Economies (EMDEs). The climate finance gap in #EMDEs is estimated between $1.7 trillion and $3.4 trillion annually by 2030 – an amount that cannot be financed by the public sector alone. The private sector, and financial institutions in particular, have a critical role to play by investing in low-carbon technologies, creating jobs, and skills, and building resilience into investments and operations. 🌱 Join us at #COP29 to find out how banks, funds, and regulators can accelerate the climate transition, and how IFC - International Finance Corporation’s partner financial institutions have been providing private sector finance at scale. 📅 Nov 14, 2024 | In person at the WBG Pavilion | Watch live here: https://lnkd.in/dvQVufsK #COP29 #COP29Azerbaijan #ClimateAction #AccelerateTheTransition #ClimateFinance BNP Paribas Lendable

GCFC co-hosted a roundtable with key partners on the sidelines of the annual #Spring Meetings with COP28 UAE Presidency, the Independent High Level Expert Group (IHLEG) and ALTÉRRA to discuss how to scale climate finance and deliver on the climate finance framework.   Our CEO, Mercedes Vela Monserrate highlighted the essential role of effective partnerships in accelerating the flow of climate finance. She also emphasized the central role of the Global Climate Finance Centre (GCFC) in catalyzing investments and making climate finance more available, affordable, and accessible. A COP28 legacy initiative, GCFC will foster innovation, convene stakeholders and support the scale-up of well-functioning financial markets.      “By combining GCFC's expertise and resources we can unlock new investment opportunities, drive positive climate impact, and contribute to a more sustainable future for all.”  #ClimateFinance #Sustainability #SpringMeetings #ClimateAction #GCFC #COP28

The UAE is playing a pivotal role in climate finance. Announced at COP28, the Global Climate Finance Centre is an initiative focused on fostering innovation, convening stakeholders and providing capacity building for financial actors globally. This independent hub in Abu Dhabi, will continue to support the scale-up of well-functioning, aligned green finance markets to drive the growth of climate finance. #AcceleratingActionTogether #ClimateFinance

Participating in a roundtable discussion co-hosted by COP28 UAE Presidency, the Independent High Level Expert Group (IHLEG), Global Climate Finance Centre (GCFC) and ALTÉRRA, on the sidelines of the #SpringMeetings Mercedes Vela Monserrate CEO of GCFC outlined our key priorities to advance global climate finance with the support of our Founding Partners Abu Dhabi Global Market (ADGM) ADQ BlackRock Glasgow Financial Alliance for Net Zero (GFANZ) HSBC Masdar (Abu Dhabi Future Energy Company) Ninety One The World Bank   - Scaling transition finance: working with asset managers, owners, financial institutions and policymakers to design regulatory and investment frameworks to facilitate financing for the transition - Activating carbon markets, unlocking opportunities in compliance and voluntary markets to mobilize finance to EMDCs - Supporting the development of fit-for-purpose catalytic finance instruments to share and mitigate risks, working closely with our partners at @ALTÉRRA and the @Africa Green Investment Initiative   #ClimateFinance #Sustainability #SpringMeetings #ClimateAction #GCFC #COP28 

🌍 This Week’s Investment Highlights 🌍 From Namibia’s push for oil and gas investments at COP29 to Australia’s game-changing trade deal with the UAE, global markets are buzzing with pivotal developments. Dubai continues to shine as an economic hub, driven by its integrated economic zones and banking sector innovation. Meanwhile, COP29 concludes with a major climate finance agreement, signaling shifts in global funding priorities. 📈 Stay informed and invest wisely with Epiidosis Investments – your partner in navigating opportunities across evolving global markets. 🌐 Invest with us: https://lnkd.in/gHJSd5qd #IndustryInsights #GlobalMarkets #InvestmentOpportunities #EpiidosisInvestments #COP29 #DigitalInnovation #TradeDeals #EconomicGrowth #ClimateFinance #SmartInvesting