Tag: COP28

President Ramkalawan addresses the 28th session of the Conference of Parties of UNFCC World Climate Action Summit

02nd December 2023 1st December 2023, Dubai UAE: The President of the Republic of Seychelles, Mr. Wavel Ramkalawan during his address at the Twenty-eighth session of the Conference of Parties of UNFCC (COP28).to which he led a Seychelles delegation, highlighted the urgency for collective action and the need for commitments made to be honoured as part of efforts to mitigate the heightened threats of climate change particular vis-à-vis Small Island Developing States (SIDS) like Seychelles. “In our shared pursuit of a sustainable future, the urgency of our deliberations here in Dubai cannot be overstated. As parties to the convention, we committed to deliver on commitments such as the USD100 billion promise,…

COP28 UAE kicks off, as global climate action takes centre stage

BY GULF BUSINESS NOVEMBER 30, 2023 Leaders must deliver in Dubai – the message is clear, said UN Climate Change executive secretary Simon Stiell on the eve of COP28 The United Nations Climate Change Conference COP28 opens today, with a strong call to speed up collective climate action. The conference takes place in the hottest year ever recorded in human history COP28 will run from November 30 to December 12 at Expo City Dubai, offers a global platform to agree on climate commitments and curb the worst impacts of climate change,…

Global Milestone: CIBAFI Announces, in conjunction with COP28, Adoption of Islamic Sustainability Roadmap in Collaboration with IFSB and AAOIFI

30th November 2023, Abu Dhabi, UAE | The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global body of Islamic finance, is delighted to announce the adoption of a comprehensive roadmap for Islamic Sustainability. This roadmap was developed in collaboration with the Islamic Financial Services Board (IFSB) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), with coordination from the Central Bank of the UAE. The adoption ceremony took place at the headquarters of Central Bank of the UAE. In alignment with COP28, this roadmap underscores CIBAFI’s commitment, alongside other key infrastructure organizations, to enhance…

UAE announces $4.5bn initiative to support deployment of clean energy in Africa

COP28 President-Designate Dr Sultan Al Jaber has announced a UAE finance initiative that will provide $4.5bn to help tap Africa’s clean energy potential. The announcement was made during his keynote address at the inaugural African Climate Summit in Nairobi, Kenya. The landmark initiative brings together vital public, private, and development capital from UAE institutions, ranging from Abu Dhabi Fund for Development (ADFD) and Etihad Credit Insurance (ECI) to Masdar and AMEA Power. Africa50, which is an investment platform established by African governments and the Africa Development Bank, has also joined…