Reacting to the launch of the Global Climate Finance Centre at COP28, Actis Partner and Head of Sustainability, Shami Nissan, provided comments to ESG Clarity reacting to the news and analysing why further action on climate finance makes sense in the current context. Click here to read the full article and read on for Shami’s full set of comments.
Shami Nissan, Partner and Head of Sustainability at Actis, commented:
“This latest COP28 announcement from the UAE for a new Global Climate Finance Centre is welcome news. Climate finance was always set to take centre stage at this year’s COP and has been a key focus of the organisers, as they have rightly identified that stimulating financial flows into the climate transition is essential if we are to accelerate the climate transition and meet Paris targets.
“A key aim of this new initiative is also to establish Abu Dhabi into a leading centre for climate finance and this makes much sense given the need for the UAE to adapt and diversify its economy to the realities of an increasingly decarbonised economic system. A successful energy transition will require countries like the UAE to grasp the opportunities presented by the climate transition.
“The Centre has the benefit of a number of high-profile founding members across the spectrum of finance, and this should bolster its ability to succeed in making more climate-focused capital available in a more affordable and accessible way. The objective of this initiative is completely aligned with our mission at Actis – targeting consistent, superior returns through our investments in sustainable infrastructure. From our perspective, the climate transition represents the investment opportunity of a lifetime.”