COP28: Abu Dhabi teams up with HSBC, others on climate finance ... - Reuters

COP28: Abu Dhabi teams up with HSBC, others on climate finance think-tank | Reuters

COP28: Abu Dhabi teams up with HSBC, others on climate finance think-tank

[1/4]A man walks next to flags during the United Nations Climate Change Conference (COP28), in Dubai, United Arab Emirates, December 3, 2023. REUTERS/Amr Alfliky Acquire Licensing Rights

DUBAI, Dec 4 (Reuters) - Abu Dhabi will host the newly launched Global Climate Finance Centre in partnership with nine founding members including the World Bank, lender HSBC (HSBA.L) and asset managers BlackRock (BLK.N) and Ninety One (N91.L).

Described as an independent think-tank and research hub, the centre will look at barriers to investment into low-carbon projects and develop the financial frameworks to overcome them.

"It will put Abu Dhabi and the UAE at the forefront of driving global change in sustainable finance, providing a positive legacy for years to come," COP28 President Sultan Al Jaber said in a statement on Monday.

Reporting by Maha El-Dahan and Simon Jessop; editing by William James

Our Standards: The Thomson Reuters Trust Principles.

Read Next

COP28 Copenhagen targets $3 bln for emerging market greenfield renewables fund
Danish investment firm Copenhagen Infrastructure Partners is looking to raise $3 billion for a new fund focused on building renewable energy projects from scratch in emerging and middle-income countries, the heads of the fund told Reuters.