DIFC Unveils Decarbonisation Strategy, Set to Achieve Net Zero by 2045

Dubai International Financial Centre (DIFC), the leading financial hub in the MEASA region, announced its ambitious Decarbonisation Strategy during the 2nd Future Sustainability Forum, reinforcing its commitment to sustainability leadership.

Building on COP28’s UAE Consensus and COP29 outcomes, DIFC pledged to achieve Net Zero by 2045, five years ahead of the UAE’s national target.

The strategy focuses on reducing emissions across DIFC’s operations, construction, and supply chain, avoiding carbon offsets or trading. Essa Kazim, Governor of DIFC, stated,

“We are setting a new benchmark for decarbonisation within global financial centres and solidifying Dubai’s position as a sustainable financial city.”

The event also launched DIFC’s inaugural Sustainability Progress Report, Building a Sustainable Future: DIFC’s Path to Impact, detailing achievements and future goals. Additionally, the Forum hosted the Climate Tech World Cup, powered by Ignyte, spotlighting innovators like Acklo and Baynunah Watergeneration Technologies addressing pressing environmental challenges.

DIFC’s efforts align with the UAE’s role as a global climate leader, evidenced by record regional green bond issuances reaching $24 billion in 2023. Initiatives like the DIFC Sustainable Finance Catalyst aim to scale sustainable financial flows from Dubai to $100 billion by 2030, supported by AI-driven tools.

With over 3,000 attendees, 500 global investors, and 100 speakers, the Future Sustainability Forum underscored DIFC’s leadership in advancing sustainable finance and innovation, paving the way for a greener future.

News Source: Emirates News Agency