Abu Dhabi: Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of the Central Bank of the United Arab Emirates (CBUAE), the CBUAE is organizing its first Climate Forum and a meeting of the Network for Greening the Financial System (NGFS) at the St. Regis Saadiyat Island Resorts, Abu Dhabi, on 26th June 2025.
According to Emirates News Agency, this two-day event highlights the CBUAE's role in promoting sustainable finance and guiding the transition towards a sustainable financial system, aligning with the UAE's goal to achieve net zero by 2050. The Climate Forum gathers financial leaders, policymakers, international experts in sustainable finance and climate risks, and senior officials from regulatory bodies, central banks, and international financial institutions.
The forum aims to share insights on integrating climate policies into risk management and investment, and to explore solutions for enhancing financial sector resilience to climate and environmental challenges. It will also focus on frameworks for regional and international cooperation in monetary policy, regulation, and sustainable Islamic finance, emphasizing the UAE's role as a hub for global dialogue on sustainable finance.
The NGFS meeting will concentrate on integrating climate change impacts into monetary policy and reviewing the NGFS's progress and future plans. Since its creation in 2017, the NGFS has united over 160 central banks and financial supervisors worldwide.
Khaled Mohamed Balama, Governor of the CBUAE, stated that the event marks a milestone amidst global economic shifts and climate challenges. He emphasized the CBUAE's commitment to financial sustainability and the integration of climate risks within the financial sector, reinforcing its stability and balance between economic growth and sustainability.