MOCCAE highlights gap in climate finance

Tuesday, 18 April 2023 06:15

By ARN News Staff

The Ministry of Climate Change and Environment (MOCCAE) has held a special session of the National Dialogue for Climate Ambition (NDCA) to accelerate the country’s journey to net zero by 2050.

The event was aimed at highlighting the gaps in climate finance for decarbonisation and urging stakeholders, particularly in the private sector financial entities, to accelerate green finance.

The special session focused on climate risks, reporting, and the decarbonisation of investments for financial institutions, highlighting the challenges in climate finance for decarbonisation.

The event comes as the UAE prepares to host COP28, the UN Climate Change Summit, later this year and as the country marks the Year of Sustainability.

More from UAE News

UAE, Belgium hold third round of political consultations in Abu Dhabi

The UAE and Belgium held the third round of political consultations in Abu Dhabi, exploring avenues to further expand non-oil trade, foster private sector partnerships and enhance investment in key sectors like energy and advanced tech.
AED 100 million boost for Mother of Nation Endowment for Orphans

The Mother of the Nation Endowment for Orphans initiative has received a contribution of AED100 million from Erth Zayed Philanthropies following the directives of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President and Deputy Prime Minister.
UAE, Bahrain coordinate 100‑tonne Gaza aid shipment

Bahrain's Royal Humanitarian Foundation has dispatched a 100-tonne urgent relief shipment to the Gaza Strip in coordination with the UAE's Operation Chivalrous Knight 3 and the Emirates Red Crescent.
Child’s quad bike ride lands parent in legal trouble

Dubai Police have confiscated a recreational motorbike and taken legal action against a guardian after traffic patrols stopped a child riding on a public street, accompanied by another child.