The Finance World Magazine| Edition: November 2023
As COP28 unfolds, finance takes the spotlight, intricately linked to Climate Transition and Adaptation. This edition of The Finance World Magazine explores the finance-sustainability connection and the growing trend in the MENA region. In this edition, the focus lies on influential leaders from the UAE who are leaving a significant mark on sustainability. Employing a rigorous selection process, the cover story of this magazine highlights 10 UAE leaders who have substantially participated in sustainability efforts. Notable figures include Sultan Al Jaber, the president-designate of COP28, and Emirati Visionaries Razan Al Mubarak and Shamma Al Mazrui, who are appointed as ambassadors for COP28. Centred around sustainability and finance, this edition highlights different aspects of green initiatives surging in the Middle East, including the ESG revolutions in the fintech sector, green investments in luxury real estate across UAE, and the rise of sustainable tourism throughout the region. It also encompasses informative articles on "Leveraging Digital Assets and Blockchain for Achieving ESG Objectives," "Balancing Profit and Protection: Investing in Wildlife Sanctuaries," and much more. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
As COP28 unfolds, finance takes the spotlight, intricately linked to Climate Transition and Adaptation. This edition of The Finance World Magazine explores the finance-sustainability connection and the growing trend in the MENA region.
In this edition, the focus lies on influential leaders from the UAE who are leaving a significant mark on sustainability. Employing a rigorous selection process, the cover story of this magazine highlights 10 UAE leaders who have substantially participated in sustainability efforts. Notable figures include Sultan Al Jaber, the president-designate of COP28, and Emirati Visionaries Razan Al Mubarak and Shamma Al Mazrui, who are appointed as ambassadors for COP28.
Centred around sustainability and finance, this edition highlights different aspects of green initiatives surging in the Middle East, including the ESG revolutions in the fintech sector, green investments in luxury real estate across UAE, and the rise of sustainable tourism throughout the region. It also encompasses informative articles on "Leveraging Digital Assets and Blockchain for Achieving ESG Objectives," "Balancing Profit and Protection: Investing in Wildlife Sanctuaries," and much more.
Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
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Cover Story<br />
Influencing Sustainable<br />
Development<br />
H.E.<br />
Sultan Al Jaber<br />
CEO, ADNOC; President Designate, COP28<br />
In the realm of sustainability, few names carry as much<br />
weight as His Excellency Sultan Al Jaber, the visionary<br />
driving environmental change in the United Arab Emirates.<br />
As the President of COP28, Al Jaber made history<br />
as the first CEO to serve as the President of the annual<br />
climate summit, a role that underscores his unwavering<br />
commitment to fostering a sustainable future.<br />
Al Jaber has served two terms as the UAE Climate<br />
Change Special Envoy, from 2010 to 2016 and again since<br />
2020. Moreover, he’s been a proactive participant in more<br />
than 10 COPs, including the historic COP21 where the<br />
Paris Agreement was signed in 2015.<br />
One of Al Jaber’s groundbreaking contributions to the<br />
UAE’s sustainable landscape was his instrumental role<br />
in establishing Masdar City, a renowned clean energy<br />
company and a flagship project for sustainable urban<br />
development. As the former CEO of Masdar, he played<br />
a pivotal role in its mission to accelerate the adoption<br />
of renewables within the UAE and on a global scale. His<br />
efforts also led to the establishment of the International<br />
Renewable Energy Agency (IRENA) in the UAE, solidifying<br />
the country’s position as a leader in sustainable energy.<br />
As the CEO of ADNOC, one of the world’s fastest-growing<br />
oil and gas companies, Al Jaber spearheads the decarbonisation<br />
of the company’s operations and investments.<br />
Under his leadership, ADNOC is diversifying and advancing<br />
its commitment to cleaner energies. <strong>The</strong> company’s<br />
investments in carbon capture, utilisation, and storage<br />
(CCUS) and its push towards hydrogen production showcase<br />
its dedication to a low-carbon future.<br />
Al Jaber’s unique perspective on the energy transition<br />
emphasises a pragmatic, realistic, and economically viable<br />
approach to achieving climate progress, energy security,<br />
and economic growth simultaneously. His belief that<br />
progressive climate action can be a powerful economic<br />
driver aligns perfectly with the UAE’s commitment to<br />
sustainable growth.<br />
His appointment as President-Designate for COP28<br />
couldn’t have come at a more critical juncture. <strong>The</strong> annual<br />
climate summit faces the first Global Stocktake (GST)<br />
review since the Paris Agreement, determining global<br />
progress towards long-term climate goals. Al Jaber’s focus<br />
on a ‘leave no one behind’ approach to inclusive climate<br />
action and his emphasis on mobilising political will are<br />
key to achieving the ambitious climate targets.<br />
Under Al Jaber’s guidance, the UAE is set to lead COP28<br />
towards practical solutions and long-term socioeconomic<br />
benefits. As the world confronts the challenges of climate<br />
change, Al Jaber’s visionary leadership sets the stage for<br />
a sustainable, low-carbon future.<br />
30 www.thefinanceworld.com <strong>November</strong> <strong>2023</strong>
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