His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan, member of the Executive Council of the Emirate of Abu Dhabi and head of the Abu Dhabi Executive Office, witnessed the launch of the Abu Dhabi Global Climate Initiative, in the framework of a partnership between the Ministry of Climate Change and Environment, the Environment Authority in Abu Dhabi, the Abu Dhabi Global Market, and the Hub71 Center, In support of efforts to work for the climate, and to reinforce Abu Dhabi’s leading position in this field.

During the launch events, a memorandum of understanding was signed for cooperation in the initiative between the Ministry of Climate Change and Environment, the Environment Authority in Abu Dhabi, the Abu Dhabi Global Market, and “Hub71”.

A global model

The initiative aims to establish a global model to support innovation, research and development in work technology for climate and water in several aspects, including creating and stimulating a strong business and investment movement in this field, and to find a research and intellectual reference that provides this work with studies, performance indicators and necessary consultations, and gather decision makers and specialists The two worlds are under one umbrella to plan for the future of this work, ensuring that the best exploitation and employment of technology is achieved in the face of the consequences of climate change and adapting to it, and creating a better future for present and future generations.

During the exhibition, which was held within the activities of the Sustainable Finance Forum, on the sidelines of the Abu Dhabi Sustainability Week, Minister of Climate Change and Environment, Dr. Thani bin Ahmed Al-Zayoudi said that «innovation and employment of modern technology has become the title and the most important way to deal with all the challenges we face at the present time, and that Climate change is the most important challenge that threatens the future of mankind in general. The Ministry of Climate Change and Environment, in cooperation with the Abu Dhabi Global Market and the (Hub71 Center), worked to find a global model to support and enhance the innovative capabilities of youth, entrepreneurs, and emerging companies globally and in developing countries. Yeh, in particular, to develop effective solutions to address the implications of this change and adapt to them ».

He added, "The initiative comes in strengthening and keeping pace with the pioneering role that the UAE plays in efforts to work for climate and achieving sustainability, and affirms the competitiveness of its model in dealing with the challenges of climate change, which has become an example to be followed around the world."

He pointed out that the initiative relies on three strategic pillars that include the launch of the "Climate Laboratory" at the (Hub71) Center, which in turn will launch three sub-initiatives, and the second pillar is concerned with the launch of a specialized center for research and studies in the field of work for climate and sustainability, which will represent a global knowledge and guidance reference In this field, two sub-initiatives will be launched from it, while the last pillar is Emirati development aid and technical support.

research and development

For his part, Ahmed bin Ali Mohammed Al Sayegh, Minister of State and Chairman of the Abu Dhabi Global Market, said: “We are pleased to be part of this initiative that will accelerate research and development in a way that supports the UAE’s commitment to climate change and achieving a sustainable future.”

Stimulating innovation

For its part, the Secretary General of the Environment Agency in Abu Dhabi, Dr. Sheikha Salem Al Dhaheri, stressed the importance of the Abu Dhabi Global Climate Initiative in supporting the efforts of the UAE to stimulate innovation in the face of climate change in light of the climatic conditions that prevail in the world with the increasing severity of weather extremes in an accelerated way that exceeds expectations Developed by climate and environmental experts.

For his part, the group's vice president and chief executive of the alternative investment and infrastructure sector at Mubadala Investment Company, Walid Al Muqrab Al Muhairi: “The Climate Laboratory at Hub71 is the first of its kind on the emerging market level, as it will provide a comprehensive system for emerging companies operating Under the umbrella of the platform, enabling it to achieve growth. ”

Research and Studies Center

The second pillar of launching a specialized center for research and studies will provide a knowledge, information and guidance reference by conducting specialized and in-depth research and studies that serve the fields of sustainable financing, climate technology, and the future of water.

Climate lab at «Hub71»

The Climate Laboratory, which represents the first pillar of the initiative, will act as an incubator and supportive platform for emerging business in climate and water technology innovations and investments, and the laboratory will fulfill its role through three sub-initiatives: the “Emerging Markets 10” initiative that will select the top 10 entrepreneurs or startups in the technology field Climate in the markets of developing countries to support and enhance their work, and the initiative of "clean" sustainable technology financing

The Global Incubator Initiative, a platform in the capital, Abu Dhabi, to attract major innovation companies.

UAE aid

The third pillar of Emirati development assistance and technical support - through an advanced research and development system - depends on providing strategic guidance consulting services, implementation plans and capacity-building programs for investment and climate and water technology financing, and will be worked through to codify and plan aid operations and financing and financial and technical investments for various markets Developing.

Establish a global model to support innovation, for climate and water.