Abu Dhabi: The Arab Monetary Fund (AMF) has launched the third conference of the Arab Green and Sustainable Finance Network (AgreFin) at its Abu Dhabi offices.
The goal of the two-day conference is to promote sustainable and green funding methods throughout the Arab world.
The main goals of the conference are to promote green finance practices, support member nations in harmonizing with international developments in sustainable finance, and enhance the financial sector’s responsibility for risk management associated with climate change.
Experts and speakers from regional and international partner institutions are joining key players from Arab monetary institutions, central banks, finance ministries, and financial market regulators.
The Network enables Arab countries to stay up to date with the changing environment of sustainable financial activities and services by promoting peer-to-peer learning, knowledge sharing, and collaboration on sustainable finance.
In order to improve energy security within the framework of the SDGs, the Network’s ultimate goal is to strengthen the role of the financial system in managing risks associated with climate change, raising capital for green, low-carbon investments, and assisting the circular carbon economy. It also gathers Arab nations’ positions in global initiatives pertaining to energy security and climate change.
The first day explores the prospects and difficulties in the field of sustainable finance trends and financing the shift to a low-carbon economy. The topics of discussion on the second day will include the financial contributions to biodiversity conservation, the impact of contemporary technology on financing that is sustainable, and the contribution of voluntary carbon markets to the achievement of carbon neutrality targets. A roundtable discussion on the agenda for the next meeting and information sharing finish off the program.
Dr. Fahad M. Alturki, Director-General Chairman of the AMF’s Board of Executive Directors, commended the Network’s establishment, highlighting its role in facilitating knowledge transfer and experience sharing among Arab countries. He reiterated the growing interest in green and sustainable financing across the region, reflecting a significant shift towards environmentally responsible financial practices.