ADSW Summit at COP28 brings together global voices driving climate action

Gulf Today, Staff Reporter

Abu Dhabi Sustainability Week (ADSW) will be crucial in maintaining worldwide climate momentum at COP28 by enabling impactful and inclusive dialogue between all global stakeholders and translating pledges into practical solutions.

The ADSW Summit speakers and program will include: Mia Amor Mottley, Prime Minister of Barbados, who will participate in a Prime Ministerial interview, highlighting how global climate financing can help build resilience and how capital can be deployed efficiently, equitably and at scale to address the mitigation and adaptation needs of vulnerable regions and communities.

Makhtar Diop, Managing Director of the International Finance Corporation, who will discuss the pressure that the global community is under to unlock trillions of dollars of funds for the transition to a green economy that benefits all, outlining the structural reforms of the global financial system that will trigger funding on a global scale and accelerate the transition to a net-zero and climate-resilient future.

Ray Dalio, Founder and CIO Mentor of Bridgewater Associates, who will explore how we can mobilize the trillions of dollars required to address the pressing challenge of climate change. With a focus on the Blue Economy, Dalio will look at how such large-scale investment could change the global economy in positive ways, contribute to the creation of new industries and new technologies, and promote development in the global south, exploring how long-term investors can leverage these changes and the benefits that they anticipate.

A conversation with renewable energy leaders including Ignacio S. Galán, Executive Chairman of Iberdrola, S.A., and Mohamed Jameel Al Ramahi, CEO of Masdar will look at how the global community can ensure that all nations, particularly those with limited resources, can triple renewable power capacity needs by 2030, which is necessary to honor their commitments to the 1.5-degree target endorsed by the G20 in September of 2023.

Dr. Leila Benali, Minister of Energy Transition and Sustainable Development for the Kingdom of Morocco, will talk about the pivotal role the energy transition plays in addressing the global energy and climate crisis. Laying out the collaboration, innovative solutions and bold policies needed for the transition, Benali will examine the ways that stakeholders can establish the necessary conditions to facilitate an inclusive energy transition process.

Other ADSW Summit speakers include:  Seve Paeniu, Minister of Finance, Tuvalu; HE Adegboyega Oyetola, Federal Minister of the Marine and Blue Economy, Nigeria; Maria Susana Muhamad, Minister of Environment and Sustainable Development of Colombia;  Suhail Al Mazrouei, Minister for Energy and Infrastructure, United Arab Emirates; Jin Liqun, President and Chair of the Board of Directors, Asian Infrastructure Investment Bank; Maví Zingoni, Chief Executive Officer, GE Power; Lorenzo Simonelli, Chairman and CEO, Baker Hughes; Maarten Wetselaar, Chief Executive Officer, Cepsa; and Cate Ambrose, Chief Executive Officer and Board Member, The Global Private Capital Association.

Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar, said: “During the UAE’s Year of Sustainability, the world is coming together on climate action here in the UAE at COP28. Hosting the ADSW Summit during the Special Edition of ADSW at COP28, will strengthen international collaboration, deepen cross-sector partnerships, and translate pledges into practical solutions for a net-zero future. I look forward to this timely and relevant ADSW Summit, featuring international leaders, civil society, and businesses, and to working together to empower global climate action at a significant time for the world.”

Hosted on COP28’s thematic Finance, Trade and Gender Day, the ADSW Summit will explore what the global community must do to ensure that all nations, including those with limited resources, have access to technologies and innovations at scale, as governments worldwide work toward the goals of the Paris Agreement. The Summit will also examine how organizations can positively impact society and integrate sustainable practices into every corner of their operations.

As an integral part of this year’s Special Edition of ADSW at COP28, the Summit will spotlight three critical strategic themes: Unlocking Financing for the Green Economy, Enabling the Just Energy Transition, and Making Business Sustainable.

Throughout COP28, ADSW will bridge the blue and green zones by providing a platform for thought leadership and positive stories to share best practices, innovations and solutions. ADSW’s extensive program of events and roundtables will enable timely and relevant climate action conversation and debate between accredited parties, observer delegates, and the general public. These events will empower global climate action at a significant time for the world, facilitating better decision-making at COP28 to keep 1.5°C within reach.