The world’s most important climate conference will be sky high

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UAE 

The eyes of the world will be on the country and scrutiny of its performance as host of the world’s most important climate conference will be sky high. 

As part of those preparations, in November 2022, Abu Dhabi added a day dedicated to sustainability to Abu Dhabi Finance Week, an event previously focused solely on fintech. In January 2023, it will follow this up with Abu Dhabi Sustainability Week, intended to be a bridge event for COP28.

These events are intended to show the world that Abu Dhabi and the wider UAE does not just intend to fulfil its obligations to climate action but become a global leader in sustainability.

In which the UAE retains a target of becoming net zero by 2050. While some will say these targets remain too unambitious, they will nevertheless require a stark transformation for a country built on hydrocarbon production and consumption. 

Abu Dhabi Finance Week, organised by the emirate’s financial centre Abu Dhabi Global Markets (ADGM), promoted the country’s strategy for achieving this transformation. The UAE intends to become a hub for energy transition companies through increased inward investment, and for new forms of capital and exchange that will fund climate action.

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