The Dubai Financial Services Authority (DFSA) and Hong Kong Monetary Authority (HKMA) have announced the second edition of their joint Climate Finance Conference to be held in Dubai from 26th November, United Arab Emirates. This flagship initiative is the partnership between two of the most dynamic financial hubs in the world towards supporting and enabling the climate finance ecosystem across the Middle East and Asia regions.
Strategic partnership boosts Asia-Middle East financial corridor
The DFSA-HKMA collaboration is a step in the right direction of strengthening the Asia-Middle East Corridor to support the flow of capital and knowledge to support sustainable development in both regions and beyond. Mark Steward, Chief Executive of the DFSA, insisted that their collaboration embodies unity in their collective aim to help shape a more connected, resilient, and forward-looking global financial landscape.
Eddie Yue, Chief Executive at the HKMA, had pointed out that the joint conference makes the most of the roles of Hong Kong and Dubai as two centres of finance and innovation. The objective of the partnership is to further the level of cooperation in climate finance and other sectors, and to build synergies between two key international financial centres with complementary strengths and regional experience.
Conference includes high-profile industry discussions
The conference will include a fireside chat between Mark Steward and Darryl Chan, Deputy Chief Executive of the HKMA, on the ways that technological innovation, policy, and cross-sector collaboration can help Klime Finance maximise its potential. High-level panelists will participate in panel discussions across the topics of opportunities for greening the Asia-Middle East Corridor and examining the role tokenization can play in advancing global transition initiatives.
Research Information Leads to Sustainable Debt Scaling Strategies
The conference will be a deep dive into the findings of a joint research by DFSA and HKMA on the important role of sustainable debt as a financing solution to scale up climate finance in emerging markets. This research fills important gaps in the knowledge on how financial instruments can be used to effectively target capital to sustainable projects and to catalyze the global shift to net-zero emissions.
Strategic partners include: the Dubai International Financial Centre Authority and the Nasdaq Dubai, which are both dedicated to infusing sustainable practices in their operations. DIFC Authority also continues to promote environmental responsibility through its core operations and built environment, while Nasdaq Dubai offers itself as the leading global centre for green sukuk and sustainable Islamic finance.
A platform to connect with policymakers to global investors
By gathering policymakers and industry leaders, as well as global investors, the conference becomes an important platform for discussing the convergence of regulatory vision, fintech development, and sustainable finance that would allow the creation of more inclusive and agile financial ecosystems. The event addresses the need for concerted approaches to climate finance between various regulatory jurisdictions and market structures that are growing.
The conference coincides with the Dubai Economic Agenda D33’s goal of driving the global agenda on sustainable finance and innovations, as Dubai aims to become a key player in the international climate finance landscape. The DFSA-HKMA joint Climate Finance Conference is a momentous occasion in the global sustainable finance cooperation to address climate challenges with innovative financial solutions through two of the world’s financial centers.
The partnership between Dubai and Hong Kong marks the establishment of a strong bridge linking the markets of the Middle East and Asia, and significantly, the economies will attract important capital flows for sustainable development projects. With strategic partners and thorough research insights, this initiative is laying out both regions as leaders in the global shift to net zero, demonstrating how cross-border cooperation can help speed up the innovation and implementation of climate finance.