COP28: Abu Dhabi hosts Global Climate Finance Centre

By Aya El Sayed On Dec 4, 2023

The Founding Members of Global Climate Finance Centre - GCFC.

Abu Dhabi is hosting the new Global Climate Finance Centre (GCFC) at the Abu Dhabi Global Markets (ADGM) in collaboration with nine founding members, including the World Bank, HSBC, and asset managers BlackRock and Ninety One.

The President of COP28, Sultan Al Jaber, launched the GCFC on the first day of COP28, to be located in ADGM.

The GCFC, an independent research hub and think tank, will explore the challenges of investing in low-carbon projects and create the financial solutions to address them.

“GCFC will unlock new financial flows into the region as Abu Dhabi becomes a key marketplace for climate finance. It will become a world leader in research policy and innovation for climate finance.” said Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development.

Abu Dhabi Global Market’s (ADGM)Ahmed Jasim Al Zaabi BlackRock Chairman of the Abu Dhabi Department of Economic Development clean energy transition climate action climate adaptation Climate Change