GLOBAL CENTRE LAUNCHED TO ACCELERATE CLIMATE FINANCE
Pioneering new Global Climate Finance Centre in Abu Dhabi to accelerate global climate finance and market design, delivering COP28 legacy
- Pioneering new Global Climate Finance Centre in Abu Dhabi to accelerate global climate finance and market design, delivering COP28 legacy
New knowledge hub to house world-leading research, advisory and skills academy to pioneer new forms of climate finance and establish Abu Dhabi as a leading global marketplace
Nine global founding members confirm membership including ADGM, ADQ, BlackRock, CIFF, GFANZ, HSBC, Masdar, Ninety One, and the World Bank Group
DUBAI, UAE, Dec. 4, 2023 /PRNewswire/ -- Abu Dhabi will host a pioneering Global Climate Finance Centre (GCFC), that will accelerate the development of climate finance frameworks and skills, and champion best practices in the UAE and globally. - The announcement of the GCFC coincides with another landmark climate finance development, the launch of ALTÉRRA, a US$30 billion catalytic climate vehicle that will drive forward international efforts to create a fairer climate finance system with an emphasis on improving access to funding for the Global South.
- CIFF is pleased to be partnering with the Global Climate Finance Centre, which can bring transparency and ambition to investors' transition finance targets and delivery and align that capital with NDCs."
- The UAE has the capital, the capability and the ambition to serve as a global climate finance hub.