The Central Bank of the UAE (CBUAE) concluded its Climate Forum in Abu Dhabi, convening local and international stakeholders to strengthen coordination on climate-related financial risks, sustainable finance and related best practices. The CBUAE framed the forum as a shift from dialogue to practical implementation, including building institutional capabilities and updating policies and operational processes within financial institutions. Discussions covered integrating climate considerations into risk management and investment decisions, approaches for incorporating climate risks into regulatory frameworks, adaptation finance tools in emerging markets, and policy options to strengthen financial-system resilience to climate change. The agenda also included sustainability-related disclosures, aligning monetary and financial policies with climate goals, innovation in green investment tools, and regional and international cooperation including greening banking operations and developing sustainable Islamic finance solutions; the UAE Banks Federation highlighted a member-bank pledge to dedicate over AED 1 trillion to sustainable and green finance by 2030. In closing remarks, the CBUAE reiterated its intention to continue working with the Network for Greening the Financial System and other partners to develop climate policies aimed at supporting financial and monetary stability.

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