UAE: ADGM to host Abu Dhabi Sustainable Finance Forum during COP28

Image: ADGM

Abu Dhabi Global Market (ADGM) will host the sixth edition of the Abu Dhabi Sustainable Finance Forum (ADSFF).

ADSFF will be held on December 4  –  the thematic day of ‘Finance, Trade and Gender Equality’ at COP28, which is scheduled to run from November 30 to December 12 at Expo City in Dubai.

The event will be organised in collaboration with Masdar as part of Abu Dhabi Sustainability Week (ADSW), which will also be held on the same day.

ADGM wants to make Abu Dhabi the Capital of Green Capital

This year, ADSFF will be driven by four key themes: powering the green capital markets, financing innovation, carbon markets and driving an unbiased climate transition.

Confirmed speakers headlining the event include Prince Khaled bin Al Waleed Al Saud, Michael Mainelli, and Lord Mayor of the City of London along with other participants from ADGM’s regulatory arm including Financial Services Regulatory Authority (FSRA) CEO, Emmanuel Givanakis and key entities in ADGM.

Salem Mohammed Al Darei, CEO of ADGM Authority, said, “ADGM’s vision of making Abu Dhabi not just the ‘Capital of Capital’ but also a ‘Capital of Green Capital’ will be prominently displayed during ADSFF at COP28 this year.

“Our dedication towards developing a ‘Climate Finance’ ecosystem is evident through our initiatives of developing the region’s first robust regulatory framework for sustainable finance as well as its distinguished collaborations with key institutions across Abu Dhabi, the UAE and beyond as we continuously strive towards bridging the capital gap for climate transition.”

ADGM also consistently hosts ecosystem development platforms like the Abu Dhabi Finance Week (ADFW) and R.A.C.E. (Regulation, Awareness, Collaboration, Ecosystem) Sustainability Summit at ADFW, all contributing to the region’s growth in the green finance sector.

Mohamed Jameel Al Ramahi, CEO Masdar, commented, “Masdar is delighted to be partnering with Abu Dhabi Global Market to host this important forum once again as part of the special edition of Abu Dhabi Sustainability Week at COP28.”

In recent news, the Registration Authority (RA) of ADGM officially released the Distributed Ledger Technology (DLT) Foundations Regulations 2023.

This is a key step in the evolution of digital assets regulatory frameworks across the region and at an international level.

This newly implemented legislative structure is designed to provide a comprehensive framework for DLT Foundations and decentralised autonomous organisations (DAOs), enabling them to operate and issue tokens recognising the unique needs of the blockchain industry.