DFSA And HKMA Collaborate For Climate Finance Conference Focused On Sustainability

The Dubai Financial Services Authority (DFSA) and the Hong Kong Monetary Authority (HKMA) have announced the second DFSA-HKMA Joint Climate Finance Conference. Scheduled for 26th November in Dubai, this event aims to bolster climate finance in the Middle East and Asia. The conference theme, "Transforming Tomorrow: Harnessing Green Finance for Sustainability," underscores a commitment to innovation and collaboration between these financial hubs.

Mark Steward, Chief Executive of the DFSA, emphasised the importance of this partnership with HKMA. He stated, "As we look to the future, our partnership with the HKMA reflects a shared commitment to shaping a more connected, resilient, and forward-looking global financial landscape. ‘Transforming Tomorrow’ is more than a theme – it is a call to action aligned with the ambition of the Dubai Economic Agenda D33 to advance sustainable finance and innovation on a global scale."

Eddie Yue, Chief Executive of the HKMA, highlighted how this conference strengthens ties between Asia and the Middle East. He remarked, "The Joint Climate Finance Conference is another step forward in strengthening the Asia-Middle East Corridor to facilitate capital and knowledge flows, to support the sustainable development of our regions and beyond, leveraging the roles of Hong Kong and Dubai as finance and innovation centres. We look forward to continuing to deepen our collaboration with the DFSA, in climate finance and other areas."

A key feature will be a discussion between Mark Steward and Darryl Chan, Deputy Chief Executive of HKMA. Their conversation will explore how technology, policy frameworks, and cross-sector partnerships can enhance climate finance. This dialogue aims to drive capital towards sustainable projects and hasten progress toward net-zero emissions.

The conference will include panel discussions featuring prominent speakers. Topics will cover opportunities for greening the Asia-Middle East Corridor and how tokenisation can aid global transitions. These discussions aim to provide insights into leveraging financial innovations for sustainability.

Additionally, attendees will gain insights from joint research conducted by DFSA and HKMA. This research focuses on sustainable debt's role in expanding climate finance within emerging markets. The findings are expected to offer valuable perspectives on scaling up efforts in these regions.

This event represents a significant step in fostering international cooperation in climate finance. By bringing together experts from various sectors, it seeks to create pathways for sustainable development across regions.

With inputs from WAM