Posts Tagged ‘COP28’

At TFG, we took the time to reflect back on the happenings across trade, treasury, and payments in 2023. After sifting through our news archives and speaking with industry experts, we devised this list of 9 key events and themes that shaped trade, treasury, and payments in 2023.

At the COP28 climate summit in Dubai, representatives from nearly 200 countries reached an agreement to start reducing the global consumption of fossil fuels.

The UK has provided loan guarantees allowing Standard Chartered Bank to organise financing, enabling British exporter Innovo Group to secure a €415 million contract for essential infrastructure projects in Benguela Province, Angola, situated on the west coast adjacent to the Atlantic Ocean.

While at COP28, held in Dubai, UAE, the International Chamber of Commerce (ICC) has released its Wave 2 framework.

ECAs from across the globe have come together to form the Net Zero Export Credit Agencies Alliance, a new initiative unveiled at the COP28 summit.

The United Arab Emirates is set to unveil a new climate-focused investment fund worth $30 billion at the upcoming COP28, with support from major investors including BlackRock, three sources with knowledge of the matter told Reuters.

At ICC United Kingdom’s annual conference, International Trade and Prosperity Week, TFG’s Deepesh Patel was joined by Chris Southworth, Secretary General at ICC United Kingdom, to discuss the importance for the business of limiting global temperature increase to 1.5° C and what the ICC is doing to support the sustainable transition.

Germany and Chile are set to establish a coalition of governments at the COP28 climate summit next week, aiming to support developing nations in investing in the decarbonisation of industries… read more →

Trade finance providers have a critical role to play in the low-carbon transition. Through their lending decisions, they hold massive influence in some of the most carbon-intensive companies and supply chains, and they can use this leverage to push for much-needed progress on climate. 

A recent report has revealed that out of the 2,000 largest publicly traded companies, half have committed to achieving net-zero emissions by the middle of the century. Despite this, only a… read more →

On 16 May, the United Arab Emirates (UAE) became the seventh WTO member to sign the instrument of acceptance for the Agreement on Fisheries Subsidies. UAE Ambassador Ahmed Adbulrahman Al… read more →

UNCTAD will host the third UN Trade Forum on 8 and 9 May 2023 to identify trade policies that can help countries grow their economies while tackling pressing global challenges… read more →

In 2023, environmental and climate issues will again be at the top of the policy agenda in the Middle East and North Africa. The upcoming COP28 climate conference in Dubai and the rapid growth in the renewables sector in Egypt and North Africa both point to the growing power of MENA states within global climate politics.

TFG’s Carter Hoffman (CH) interviewed Talal Ghandour (TG), chief investment officer and managing director at Metito, to discuss how the recent HSBC funding is helping push toward circular water systems to resolve water shortages.