Dubai Green Summit Plans Climate Funding

Dubai organized the 12th edition of the Global Green Economy Summit on October 21 and 22, which focused on financing implementable climate projects and attracting the necessary investments to expand them. The need for annual investments amounting to $6.3 trillion by 2030 to avoid the worst impacts of climate change was highlighted, according to the Climate Policy Initiative. The summit discussed the role of financing in supporting economic growth through sustainable projects, with an emphasis on establishing diverse funding funds and promoting sukuk and green bonds, aiming to facilitate the transition toward a sustainable green economy. This initiative aligns with the UAE’s efforts to strengthen sustainable finance and financial initiatives that support climate projects, in order to achieve environmental and economic development goals.

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