The recent announcement regarding the launch of the Global Climate Finance Centre at COP28 has elicited a considerable amount of optimism amongst advocates for sustainability and investors. Shami Nissan, Partner and Head of Sustainability at Actis, offered insightful comments regarding the significance of this initiative and the necessity for further action in the domain of climate finance.
Nissan expressed his support for the establishment of the Global Climate Finance Centre, underlining its crucial role in stimulating financial flows towards the climate transition. He stressed that such initiatives are imperative for expediting global efforts to achieve the targets outlined in the Paris Agreement. The focus on climate finance at this year’s COP28 reflects a growing recognition of the pivotal role it plays in driving sustainable and impactful investments.
The decision by the UAE to establish the Global Climate Finance Centre in Abu Dhabi is aligned with the country’s endeavours to adapt and diversify its economy in response to the shift towards a decarbonised economic system. Nissan highlighted the strategic importance of Abu Dhabi emerging as a leading hub for climate finance, particularly in seizing the opportunities presented by the climate transition.
One of the key strengths of the Global Climate Finance Centre lies in its consortium of high-profile founding members from various sectors of finance. Nissan expressed confidence in the Centre’s ability to facilitate the availability of climate-focused capital in a cost-effective and accessible manner. This collaborative approach to sustainable investment resonates with Actis’ mission of achieving consistent and superior returns through investments in sustainable infrastructure.
Nissan underscored the unprecedented investment opportunities presented by the climate transition, emphasizing that it represents a transformative moment for the industry. The launch of the Global Climate Finance Centre signifies a step in the right direction towards unlocking barriers for green investment and driving meaningful progress in the global transition to a low-carbon economy.
In conclusion, the establishment of the Global Climate Finance Centre at COP28 demonstrates a concerted effort to address the pressing need for accessible and affordable climate-focused capital. The Centre’s ambitious objectives and collaborative approach align with the overarching goal of accelerating the climate transition and achieving sustainable, long-term growth. This initiative signifies a pivotal moment in the global investment landscape, heralding a new era for green finance and sustainable development. (Source: https://esgclarity.com/2023/03/31/cop28-global-climate-finance-centre-launched-to-unlock-barriers-for-green-investment-actis/)
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