Southeast Asia Information Port (www.dnyxxg.com) – The Dubai Financial Services Authority (Dubai MAA) and the Hong Kong Monetary Authority (HKMA) co-hosted their second Joint Climate Finance Conference on the 26th. The conference, held in Dubai, UAE, and also included online participation, attracted nearly 250 participants from both locations.
The conference focused on the financial risks and innovations brought about by climate change. Through a series of interactive discussions, participants explored how both institutions can leverage their respective financial and technological strengths to collaboratively develop and launch innovative products and solutions to promote energy transition and other sustainable development goals within the region and globally.
The conference also included in-depth discussions of the findings of the joint research report, "Expanding the Market Size of Sustainable Debt in Emerging Markets," conducted by Dubai MAA and the HKMA. This report aims to explore the role of sustainable debt instruments in expanding climate finance in emerging markets.
Dubai MAA Chief Executive, Mr. Sven-Göran Sidney, stated that by combining the strengths of Dubai and Hong Kong as international financial centers, new pathways are being opened for sustainable investment and innovation. The tokenization and other emerging technologies discussed in detail that day hold the promise of making climate finance more transparent, efficient, and accessible, thereby accelerating climate transition in the Asia-Middle East corridor.
Hong Kong Monetary Authority (HKMA) Deputy Chief Executive Chan Wai-man stated that both Dubai and Hong Kong possess unique advantages to promote climate action in Asia and the Middle East, helping regional economies seize growth opportunities arising from advancements in green industry technologies. With the urgency of addressing climate change growing, action must be accelerated to bridge the gaps between markets, capital and projects, and between vision and implementation. The HKMA and the Dubai Monetary Authority will continue to provide a platform for necessary dialogue and collaboration. (End)
