DIFC launches Sustainable Finance Catalyst to scale sustainable finance dubai Powered by the first AI-driven sustainability knowledge hub.
Sustainable Finance Catalyst aims to grow sustainable finance sourced from: dubai to $100 billion By 2030.
Sustainable Finance Catalyst aims to support 1 million future sustainability leaders by providing easy access to curated sustainability training programs, knowledge and toolkits, networking, and events.
20% dubai The Future District Fund is earmarked to support sustainability-driven technology and innovation ventures.
Winners of the DIFC Awards 2023 Prototypes for Humanity will be granted an innovation license to accelerate their growth.
A year-long journey COP28 The program, jointly implemented in partnership with GEFI, will culminate in a series of climate finance events to be held at DIFC from 3 to 8 December
dubai,United Arab Emirates, December 3, 2023 /PRNewswire/ — dubai The International Financial Center (DIFC) is one of the world’s leading international financial centers. middle east, Africaand south asia (MEASA) The region today announced the launch of the Sustainable Finance Catalyst to mark COP28 Finance Day.
DIFC’s Sustainable Finance Catalyst, which will be part of COP28’s legacy, aims to unlock opportunities and create impact beyond the conference. Building on DIFC’s position as the first global sustainable finance hub in MEASA, DIFC’s Sustainable Finance Catalyst will help scale up sustainable finance flows. dubai to $100 billion Enabled by the first AI-driven sustainability knowledge hub, Catalyst activates a network of strategic partners to train and grow 1 million sustainability leaders. Grow a sustainable startup ecosystem to 50 times its current size by 2030.
Sustainable Finance Catalyst, hosted on the new DIFC Innovation One, will dubaiThe first centralized intelligence division focused on sustainable finance, we invest in awareness, capabilities and innovation to accelerate market activation. dubai It also provides a faster and more cost-effective way for companies to access sustainability knowledge, data and sustainable finance, and develop key capabilities in this area.
DIFC Governor, His Excellency Essa Kazim, “In line with DIFC’s 2030 Strategy to Drive the Future of Finance, the aim of the MEASA region’s first Sustainable Finance Catalyst is to support the growth of sustainable finance flows from around the world.” dubai to $100 billion By 2030, the Global South will be more accessible.
To this end, DIFC has established a portfolio of training programs and events in collaboration with leading experts, strategic partners and government agencies, as well as the DIFC Academy and DIFC Innovation Hub.Through this initiative, DIFC and dubai As a global hub for sustainable finance, we enable the continued upskilling of talent and strengthen our commitment to climate finance. ”
Arif AmiriChief Executive Officer, DIFC Authority; “DIFC’s Path to COP28 Through this program, we continue to work with global industries to create tangible change by setting strong examples of global best practice through cross-border collaboration. Sustainable Finance Catalyst is enabled by the first AI-driven Sustainability Knowledge Hub and a network of strategic partners that will develop 1 million sustainability leaders and ultimately grow the Center’s sustainability-driven startup ecosystem by 50x designed to help you scale your efforts. It will reach its current size by 2030. ”
Beyond the Sustainable Finance Catalyst, DIFC continues to be a champion for the region in addressing climate change and ESG more broadly, leading a number of initiatives including:
20% dubai Future district funds allocated for sustainable innovation
As part of DIFC’s efforts to promote access to more sustainable financial capital, the Center also dubai The Future District Fund will work with the following institutions to allocate up to 20% of the AED 1 billion fund to foster growth and support sustainability-driven technology and innovation start-ups and scale-ups. dubai Future Foundation, in its capacity as founding partner of the Fund;
This new fund is in line with the core pillars of the DIFC Strategy 2030, which is centered around shaping the future of finance and innovation, and will focus on innovative solutions that address pressing global challenges, supporting leading technology and innovation companies. designed to facilitate access to funds.
DIFC and dubai Financial markets lead carbon market innovation
Limiting global warming to 1.5 degrees Celsius requires comprehensive emissions reductions across all sectors. Achieving this requires innovation in financing instruments.
Recognizing that the demand for carbon project financing in a progressive, transparent and robust regulatory environment opens up future opportunities and helps businesses manage carbon reductions; dubai The Financial Market (DFM) introduced a pilot program for carbon credit trading in November. For more information, COP28.
DIFC’s commitment to the DFM Carbon Market Pilot embodies its commitment to enabling sustainable finance, including using carbon markets to reduce emissions and support the transition to a low-carbon economy. Through its active participation, DIFC emphasizes that the financial sector has a vital role to play in tackling climate change.
DIFC awards innovation license to 2023 Prototypes for Humanity winners
As a founding partner and original host of Prototypes for Humanity, DIFC is proud of its continued commitment to the global initiative. In his welcome address at the opening ceremony of “Prototypes for Humanity” held at the Museum of the Future earlier this week, he said: Arif AmiriChairman of the Arts Committee dubai The CEO of the DIFC Authority emphasized the importance of supporting academic excellence that transcends boundaries and confronts global challenges head-on.
At the Prototypes for Humanity award ceremony held at COP28, DIFC announces its continued efforts to support the next wave of entrepreneurs in sustainable innovation by providing complementary innovation licenses to projects selected as Prototypes for Humanity 2023. did. This license allows entrepreneurs to set up in DIFC and provides access to co-working space, mentorship and training, PE and VC networks, and venture-building studios.
At the DIFC Innovation Hub, home to MEASA’s largest fintech and innovation companies, Prototypes for Humanity participants were welcomed by Mohammad Albrusi, CEO of the DIFC Innovation Hub, and discussed the future of innovation and growth opportunities. . dubai We also discuss how the ecosystem can serve as a testbed for new technologies and help unlock access to capital.
The first and largest COP-related program for the financial industry
DIFC was the first government agency to launch a program ahead of 2018 to draw attention to climate issues. COP28.The center has launched a path to the next COP28 in October 2022 In partnership with the Global Ethical Finance Initiative, we focused on bringing the financial industry together to take action towards common goals. Unlock Islamic Finance. Funding for nature and biodiversity. Financing the Sustainable Development Goals.
along the way to COP28 DIFC has mobilized climate action through a series of ground-breaking environmental and sustainable finance initiatives, through programs such as summits, roundtables, memorandum agreements and training sessions.
Mobilizing global climate finance talks and forward-looking agreements
meanwhile COP28DIFC hosts the largest and most extensive series of climate events for the financial industry as part of the Global Ethical Finance Initiative and DIFC Pass. COP28 program.
These events, to be held from 3 to 8 December, will include a series of lectures by Scottish Enlightenment economists on the profit and purpose perspective. adam smith and the famous Arab social theorist Ibn Khaldun. A leading climate finance summit. Unlock Islamic Finance Summit. A series of high-impact sessions at the Sustainable Development Goals Hive.
Under a recently signed memorandum of understanding between DIFC Academy and the UK-based Chartered Banker Institute, the world’s oldest banking institution, the two companies will partner to address the issues of ‘green and sustainable finance’ and ‘climate risk’. Obtained two certifications. Both initiatives will be developed by his DIFC Academy under the Sustainable Finance Catalyst.
Chaired by DIFC dubai The Sustainable Finance Working Group has published three action-focused reports to help UAE businesses build resilience to the impacts of climate change and move the economy to net zero. did.
Earlier this year, DIFC became the first regional financial center to announce a green finance framework following a positive second-party opinion by S&P Global Ratings.
Contact: ASDA’A BCW | +9714 4507600
photograph – https://mma.prnewswire.com/media/2291238/DIFCs.jpg
Source DIFC