GCFC

Abu Dhabi: The Capital of Capital Ends 2023 with ADGM as the Region's Fastest-Growing IFC

Retrieved on: 
Wednesday, March 6, 2024
BNP Paribas, Name, Sustainability, ADQ, IPA, Register, ADFW, Growth, AUM, COP28, World Bank, Bridgewater Associates, DLT, Risk assessment, Sustainable finance, G42, AIIB, GCFC, LPA, Fintech, Goldman Sachs, JPMorgan Chase, Abu Dhabi Global Market, Asian Infrastructure Investment Bank, Investcorp, Distributed ledger, Cryptocurrency

Assets Under Management (AUM) as of 31st December 2023, showcased a year-on-year increase of 35% when compared to 2022 numbers.

Key Points: 
  • Assets Under Management (AUM) as of 31st December 2023, showcased a year-on-year increase of 35% when compared to 2022 numbers.
  • Emerging as a preferred destination for businesses across borders, ADGM has witnessed major global and regional giants within the sector establishing themselves in ADGM.
  • added, "Enhancing Abu Dhabi's international standing as the 'capital of capital', ADGM has truly capitalised the capital city's potential for the financial landscape and strategically unlocked opportunities within underlying sectors.
  • ADGM launched its inaugural Money Laundering and Terrorist Financing (ML/TF) Risk Assessment of ADGM Legal Persons and Arrangements Report (LPA Report) in May 2023.

Abu Dhabi: The Capital of Capital Ends 2023 with ADGM as the Region's Fastest-Growing IFC

Retrieved on: 
Wednesday, March 6, 2024
BNP Paribas, Name, Sustainability, ADQ, IPA, Register, ADFW, Growth, AUM, COP28, World Bank, Bridgewater Associates, DLT, Risk assessment, Sustainable finance, G42, AIIB, GCFC, LPA, Fintech, Goldman Sachs, JPMorgan Chase, Abu Dhabi Global Market, Asian Infrastructure Investment Bank, Investcorp, Distributed ledger, Cryptocurrency

Assets Under Management (AUM) as of 31st December 2023, showcased a year-on-year increase of 35% when compared to 2022 numbers.

Key Points: 
  • Assets Under Management (AUM) as of 31st December 2023, showcased a year-on-year increase of 35% when compared to 2022 numbers.
  • Emerging as a preferred destination for businesses across borders, ADGM has witnessed major global and regional giants within the sector establishing themselves in ADGM.
  • added, "Enhancing Abu Dhabi's international standing as the 'capital of capital', ADGM has truly capitalised the capital city's potential for the financial landscape and strategically unlocked opportunities within underlying sectors.
  • ADGM launched its inaugural Money Laundering and Terrorist Financing (ML/TF) Risk Assessment of ADGM Legal Persons and Arrangements Report (LPA Report) in May 2023.

ALTÉRRA investment vehicle aims to mobilize US$250 billion by 2030 and be fund of choice for climate transition, CEO tells World Governments Summit

Retrieved on: 
Wednesday, February 14, 2024
Consensus, Research, Investment, Climate, GST, TPG, COP28, GCFC, COP21, Climate change, Abu Dhabi Global Market, Market development, UNFCCC, BlackRock, Global stocktake, Policy, Science, International Monetary Fund, Justice, Consensus decision-making, Renewable energy

"ALTÉRRA's structure, scale and scope set it apart from other investment vehicles and will help it become the go-to fund for the climate transition," he added.

Key Points: 
  • "ALTÉRRA's structure, scale and scope set it apart from other investment vehicles and will help it become the go-to fund for the climate transition," he added.
  • The second arm, the US$5 billion ALTÉRRA TRANSFORMATION, is designed to provide risk mitigation capital to incentivize investment flows into the Global South.
  • ALTÉRRA has a dedicated investment focus on four pillars that underpin the priorities of the COP28 Action Agenda: the energy transition, industrial decarbonization, sustainable living and climate technologies.
  • "The UAE has committed US$30 billion to ALTÉRRA, making it the world's largest private investment vehicle for climate change action, and the fund aims to mobilize US$250 billion globally by 2030," HE Ambassador Majid Al Suwaidi, COP28 Director-General and ALTÉRRA CEO, said in a panel session.

ALTÉRRA investment vehicle aims to mobilize US$250 billion by 2030 and be fund of choice for climate transition, CEO tells World Governments Summit

Retrieved on: 
Wednesday, February 14, 2024
Consensus, Research, Investment, Climate, GST, TPG, COP28, GCFC, COP21, Climate change, Abu Dhabi Global Market, Market development, UNFCCC, BlackRock, Global stocktake, Policy, Science, International Monetary Fund, Consensus decision-making, Renewable energy

"ALTÉRRA's structure, scale and scope set it apart from other investment vehicles and will help it become the go-to fund for the climate transition," he added.

Key Points: 
  • "ALTÉRRA's structure, scale and scope set it apart from other investment vehicles and will help it become the go-to fund for the climate transition," he added.
  • The second arm, the US$5 billion ALTÉRRA TRANSFORMATION, is designed to provide risk mitigation capital to incentivize investment flows into the Global South.
  • ALTÉRRA has a dedicated investment focus on four pillars that underpin the priorities of the COP28 Action Agenda: the energy transition, industrial decarbonization, sustainable living and climate technologies.
  • "The UAE has committed US$30 billion to ALTÉRRA, making it the world's largest private investment vehicle for climate change action, and the fund aims to mobilize US$250 billion globally by 2030," HE Ambassador Majid Al Suwaidi, COP28 Director-General and ALTÉRRA CEO, said in a panel session.

GLOBAL CENTRE LAUNCHED TO ACCELERATE CLIMATE FINANCE

Retrieved on: 
Monday, December 4, 2023
Climate change, HSBC, Global stocktake, UN, Investment, Chairperson, Research, Emirate, Growth, Development, GCFC, COP, Sustainable finance, Policy, ESG, School, Disclosure, GFANZ, Organization, ADQ, Innovation, Financial centre, Economic development, System, Partnership, Paris Agreement, BlackRock, World Bank Group, Developed country, COP28, Special edition, Private sector, Abu Dhabi Global Market, Environment, Thought, Renewable energy, Cryptocurrency, Masdar

Pioneering new Global Climate Finance Centre in Abu Dhabi to accelerate global climate finance and market design, delivering COP28 legacy

Key Points: 
  • Pioneering new Global Climate Finance Centre in Abu Dhabi to accelerate global climate finance and market design, delivering COP28 legacy
    New knowledge hub to house world-leading research, advisory and skills academy to pioneer new forms of climate finance and establish Abu Dhabi as a leading global marketplace
    Nine global founding members confirm membership including ADGM, ADQ, BlackRock, CIFF, GFANZ, HSBC, Masdar, Ninety One, and the World Bank Group
    DUBAI, UAE, Dec. 4, 2023 /PRNewswire/ -- Abu Dhabi will host a pioneering Global Climate Finance Centre (GCFC), that will accelerate the development of climate finance frameworks and skills, and champion best practices in the UAE and globally.
  • The announcement of the GCFC coincides with another landmark climate finance development, the launch of ALTÉRRA, a US$30 billion catalytic climate vehicle that will drive forward international efforts to create a fairer climate finance system with an emphasis on improving access to funding for the Global South.
  • CIFF is pleased to be partnering with the Global Climate Finance Centre, which can bring transparency and ambition to investors' transition finance targets and delivery and align that capital with NDCs."
  • The UAE has the capital, the capability and the ambition to serve as a global climate finance hub.

GLOBAL CENTRE LAUNCHED TO ACCELERATE CLIMATE FINANCE

Retrieved on: 
Monday, December 4, 2023
Climate change, HSBC, Global stocktake, UN, Investment, Chairperson, Research, Emirate, Growth, Development, GCFC, COP, Sustainable finance, Policy, ESG, School, Disclosure, GFANZ, Organization, ADQ, Multimedia, Innovation, Financial centre, Economic development, System, Partnership, Paris Agreement, BlackRock, World Bank Group, Developed country, COP28, Special edition, Private sector, Abu Dhabi Global Market, Environment, Thought, Renewable energy, Cryptocurrency, Online shopping, Masdar

Pioneering new Global Climate Finance Centre in Abu Dhabi to accelerate global climate finance and market design, delivering COP28 legacy

Key Points: 
  • Pioneering new Global Climate Finance Centre in Abu Dhabi to accelerate global climate finance and market design, delivering COP28 legacy
    New knowledge hub to house world-leading research, advisory and skills academy to pioneer new forms of climate finance and establish Abu Dhabi as a leading global marketplace
    Nine global founding members confirm membership including ADGM, ADQ, BlackRock, CIFF, GFANZ, HSBC, Masdar, Ninety One, and the World Bank Group
    DUBAI, UAE, Dec. 4, 2023 /PRNewswire/ -- Abu Dhabi will host a pioneering Global Climate Finance Centre (GCFC), that will accelerate the development of climate finance frameworks and skills, and champion best practices in the UAE and globally.
  • The announcement of the GCFC coincides with another landmark climate finance development, the launch of ALTÉRRA, a US$30 billion catalytic climate vehicle that will drive forward international efforts to create a fairer climate finance system with an emphasis on improving access to funding for the Global South.
  • CIFF is pleased to be partnering with the Global Climate Finance Centre, which can bring transparency and ambition to investors' transition finance targets and delivery and align that capital with NDCs."
  • The UAE has the capital, the capability and the ambition to serve as a global climate finance hub.