{"id":81021,"date":"2023-12-05T00:00:00","date_gmt":"2023-12-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/12\/05\/today-uaes-banking-sector-agrees-to-mobilize-aed-1-tn-in-climate-finance\/"},"modified":"2023-12-05T00:00:00","modified_gmt":"2023-12-05T00:00:00","slug":"today-uaes-banking-sector-agrees-to-mobilize-aed-1-tn-in-climate-finance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/12\/05\/today-uaes-banking-sector-agrees-to-mobilize-aed-1-tn-in-climate-finance\/","title":{"rendered":"TODAY: UAE\u2019s banking sector agrees to mobilize AED 1 tn in climate finance"},"content":{"rendered":"

Good morning, ladies and gents. <\/strong>It\u2019s another busy day on the climate business front as COP28 rolls on. So unless you\u2019ve been living under a rock\u2026<\/p>\n

HERE\u2019S THE COP28 GUIDE- <\/strong>Click here to check out handy guide (pdf)<\/a> for the main thematic days and what to expect. Head to the official events schedule<\/a> for a full rundown of all the panels, workshops, discussions, debates, and keynote speeches. <\/p>\n

DAYS TO LOOK FORWARD TO-<\/strong><\/p>\n

6 December: <\/strong>Transport<\/p>\n

10 December:<\/strong> Food, Agriculture, and Water<\/p>\n

10-11 December:<\/strong> Final Negotiations<\/p>\n

HAPPENING TODAY-<\/strong>Energy and Industry + the Just Transition. <\/strong>Discussions will focus on how to achieve rapid decarbonization and a just energy transition across the wider spectrum of energy and industrial value chains. Key topics will include boosting the deployment of renewable energy, unlocking greater energy efficiency, innovation and action for hard-to-abate sectors including steel and aluminum, and the decarbonization of oil and gas supplies including methane abatement and carbon management tech.<\/p>\n

ALSO KICKING OFF TODAY- THE <\/strong>Green Hydrogen Summit<\/a><\/strong> is opening its doors and <\/strong>running through to <\/strong>Thursday, 14 December in Muscat.<\/strong> The two-day event will bring together green fuels developers, renewables companies, and policy makers in a bid to chart a course toward carbon-neutrality by 2050. Aside from the conference, the summit will also include masterclasses<\/a> delving into the specifics of the green hydrogen value chain, from green electricity production to H2 production, distribution and storage. You can register for the event here<\/a>. <\/p>\n

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THERE\u2019S A BIG CLIMATE STORY (OTHER THAN COP) OUTSIDE THE REGION- Death toll from Tanzania flooding on the rise: <\/strong>The combined impact of the El Ni\u00f1o<\/a> and the Indian Ocean Dipole climate phenomena have led to severe seasonal flooding in Tanzania over the weekend, killing at least 57 people as of yesterday and disrupting the lives of over 5.6k people in the country. The \u2018 once in a century<\/a> \u2019 torrential rains have similarly displaced thousands of people in Kenya, Somalia, and Ethiopia since flooding began in November. Tanzania\u2019s President Samia Suluhu Hassan cut her COP28 trip short yesterday to return and manage the crisis unfolding. <\/p>\n

The story grabbed headlines in the international press:<\/strong>BBC<\/a> | Reuters<\/a> | Bloomberg<\/a> | France 24<\/a>CNN<\/a> | The Guardian<\/a> <\/p>\n

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THE BRIEF LOOK AT COPLAND- USD 57 bn in climate pledges made so far at COP28: <\/strong>Governments, businesses, NGOs and donors have pledged over USD 57 bn in commitments towards tackling climate change over the first four days of COP28, Wam<\/a> reports. <\/p>\n

Where\u2019s the USD 57 bn going? <\/strong><\/p>\n