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DIFC has introduced its Decarbonisation Technique, reinforcing its dedication to being a sustainability chief within the area
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DIFC is enjoying a key position within the UAE’s Web Zero 2050 Objectives, aiming to succeed in internet zero by 2045, with focused emission reductions throughout operations, building, and supply-chain
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The Centre printed its inaugural Sustainability Progress Report, titled “Building a Sustainable Future: DIFC’s Path to Impact”
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The Future Sustainability Discussion board 2024, introduced collectively 3,000 business leaders, authorities officers, and sustainability consultants to discover revolutionary options to attain net-zero targets, advance sustainable finance, and drive inexperienced innovation
“The Future Sustainability Forum serves as a critical platform that enables global collaboration, knowledge sharing, and finding practical solutions for climate change and sustainable development. In light of COP29 outcomes, we are pleased to announce DIFC’s Decarbonisation Strategy, where we are setting new standards for environmental leadership. We remain at the forefront of solidifying Dubai’s position as the leading sustainable financial city in the region. Today, we are setting a new benchmark for decarbonisation within global financial centres and aim to achieve Net Zero in 2045, five years ahead of the UAE’s targets.” – His Excellency Essa Kazim, Governor of DIFC.
Dubai, UAE, ninth December 2024, ZEX PR WIRE, Dubai Worldwide Monetary Centre (DIFC), the main world monetary centre within the Center East, Africa, and South Asia (MEASA) area, as we speak introduced a number of updates on the 2nd version of the Future Sustainability Discussion board, that advance its place because the area’s main sustainability finance hub.
Constructing on the outcomes of COP29, the legacy of COP28 with its landmark UAE Consensus, which was hosted in Dubai final 12 months, DIFC has unveiled its Decarbonisation Technique, reinforcing its dedication to being a sustainability chief within the area. The Centre will play an important position in contributing to the UAE Web Zero 2050 strategic initiative, by committing to attain its Web Zero targets by 2045. In its Decarbonisation Technique, DIFC targets decreasing emissions in areas it immediately controls referring to its operations, building actions and provide chain, setting an instance for monetary centres worldwide. DIFC’s Technique goals to attain actual Web Zero, with out offsetting or buying and selling carbon emissions.
The occasion additionally served as a platform to launch DIFC’s inaugural Sustainability Progress Report titled ‘Building a Sustainable Future: DIFC’s Path to Affect’ detailing achievements and a roadmap for sustainability.
The Discussion board additionally hosted the Local weather Tech World Cup. Organised by Trescon and powered by Ignyte, it’s a name to motion for entrepreneurs, innovators, and visionaries from throughout the globe. Contributors had been inspired to current their concepts and options to the urgent environmental challenges of our time. Finalists included Acklo, Baynunah Watergeneration Applied sciences, Inexperienced Worms, Mahawa, The Surpluss, Sirius Power and Zeroe.
COP29 signified the midpoint of the “COP Presidencies Troika”, a collaborative effort between the UAE (hosted COP28) and Brazil (host to COP30 in 2025) that goals to speed up progress towards the 1.5°C purpose. DIFC’s Future Sustainability Discussion board and bulletins come amidst new targets and outcomes from COP29, which can strengthen the UAE’s efforts to mitigate local weather danger.
His Excellency Essa Kazim, Governor of DIFC, commented: “The Future Sustainability Forum serves as a critical platform that enables global collaboration, knowledge sharing, and finding practical solutions for climate change and sustainable development. In light of COP29 outcomes, we are pleased to announce DIFC’s Decarbonisation Strategy, where we are setting new standards for environmental leadership. We remain at the forefront of solidifying Dubai’s position as the leading sustainable financial city in the region. Today, we are setting a new benchmark for decarbonisation within global financial centres and aim to achieve Net Zero in 2045, five years ahead of the UAE’s targets.”
Figures from Bloomberg’s Capital Markets League Tables has confirmed that annual issuances of inexperienced social, sustainable, and sustainability-linked bonds (GSSB) within the Center East and North Africa (MENA) in 2023 hit a brand new document of USD 24bn, pushed by the UAE and Saudi Arabia. The UAE leads regional inexperienced bond issuance, just lately reaching USD 10.7bn, up almost 170 per cent and capturing roughly 45 per cent of regional totals.
As a frontrunner in world local weather motion, the UAE has strengthened its position in driving efforts to mobilise local weather finance with a number of world initiatives. These efforts advance the worldwide local weather agenda, additional worldwide co-operation in environmental sustainability, and help the inexperienced transition. DIFC can be bolstering its place as a regional and world hub for sustainable finance, innovation, and management, constructing on the dialogues initiated throughout COP28 and enhanced via COP29.
Launched throughout COP28, the DIFC Sustainable Finance Catalyst is a cornerstone initiative in supporting start-ups and innovation within the sustainable financial system by scaling sustainable monetary flows from Dubai to USD 100bn by 2030, enabled by the primary AI-driven sustainability data hub. A workstream for the Future Sustainability Discussion board will probably be added to the 2025 Dubai FinTech Summit, creating alternatives for cross-sectoral progress between sustainability, ESG and innovation.
Bringing collectively 3,000 business leaders, authorities officers, and sustainability consultants to discover revolutionary options for attaining net-zero targets, advancing sustainable finance, and driving sustainability-led innovation, the Future Sustainability Summit hosted over 500 world buyers and greater than 100 audio system.
The twond version of the Future Sustainability Discussion board is supported by:
Strategic Authorities Companions: Dubai Municipality, Ministry of Power and Infrastructure
Strategic Companion: DIFC Sustainable Finance Catalyst
Presenting Sponsor: Business Financial institution of Dubai
Powered By: Mashreq
Platinum Sponsors: Deloitte, Esyasoft
Gold Sponsor: Emirates NBD
Mobility Companion: Salik
Silver Sponsors: Barclays, S&P International, Hedge5, Ahya, Blue Solar
Roundtable Sponsors: LSEG, Imaginative and prescient Financial institution
Company Pledge Companion: TIGRUS Restaurant Holding
Bronze Sponsors: White Hydrogen, Zero, Al Masaood, United Arab Financial institution, GIM-UEMOA, Pasqal, Ajman Financial institution, Lafarge, TRST01, TENDERD
Official Media Companion: Arabian Enterprise
Ecosystem Companion: Entrepreneur Center East
Monetary Sustainability Media Companion: The Fintech Occasions
Official Sustainable Financial system Companion: Finance World Journal
Know-how Media Companion: Mena Tech
About Dubai Worldwide Monetary Centre
Dubai Worldwide Monetary Centre (DIFC) is among the world’s most superior monetary centres, and the main monetary hub for the Center East, Africa, and South Asia (MEASA), which includes 77 nations with an approximate inhabitants of three.7bn and an estimated GDP of USD 10.5trn.
With a 20-year monitor document of facilitating commerce and funding flows throughout the MEASA area, the Centre connects these fast-growing markets with the economies of Asia, Europe, and the Americas via Dubai.
DIFC is dwelling to an internationally recognised, impartial regulator and a confirmed judicial system with an English widespread legislation framework, in addition to the area’s largest monetary ecosystem of 43,800 professionals working throughout over 6,150 lively registered corporations – making up the biggest and most numerous pool of business expertise within the area.
The Centre’s imaginative and prescient is to drive the way forward for finance via cutting-edge know-how, innovation, and partnerships. As we speak, it’s the world way forward for finance and innovation hub providing one of many area’s most complete FinTech and enterprise capital environments, together with cost-effective licensing options, fit-for-purpose regulation, revolutionary accelerator programmes, and funding for growth-stage start-ups.
Comprising quite a lot of world-renowned retail and eating venues, a dynamic artwork and tradition scene, residential residences, motels, and public areas, DIFC continues to be considered one of Dubai’s most sought-after enterprise and life-style locations.
For additional data, please go to our web site: difc.ae, or comply with us on LinkedIn and X @DIFC.
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