The COP28 Presidency convened the Independent High-level Expert Group (IHLEG) on Climate Finance in the UAE to drive progress on steps to reform international finance, ahead of COP28.
The two-day meeting from 15-16 August, held at the Abu Dhabi Global Markets (ADGM), brought together world-leading economists, private sector leaders, the COP28 Presidency and UN Climate Change high level champions.
IHLEG develops and presents policy options and recommendations to enable the public and private investments necessary for the delivery of the ambitions of the Paris Climate Agreement. The discussions were designed to prepare the ground for COP28 and ensure that the two-week summit delivers tangible action on the reform of international finance.
IHLEG will evaluate progress on the climate finance landscape and develop a roadmap of actions needed up to, and during, COP28 and beyond to COP29 and COP30. The ultimate goal of IHLEG is to advance a holistic financial framework for resource mobilisation to deliver an equitable and efficient climate finance system, as set out in the Paris Agreement and Glasgow Pact, and start its implementation.
Source- COP28 UAE Presidency to convene world-leading economists in the UAE (zawya.com)
About the Authors
Associate Director, Investment Banking
Prachurjya has over 16 years of experience in investment banking with Acuity Knowledge Partners. At Acuity, he has led sector and product-specialist pilot teams across Capital Markets, ESG, Debt Advisory, Loan Syndications, Metals & Mining and Real Estate. He has been actively involved in setting up and on-boarding new ESG Advisory, ESG DCM and Sustainable Finance teams for various bulge bracket investment banks. Within DCM and Rating Advisory, he has been instrumental in helping the clients achieve over 30% in annual savings on both regular and adhoc tasks through standardization of the outputs and deployment of our proprietary BEAT tools.
Delivery Manager, Investment Banking
Puja has 6 years of extensive experience in ESG, Climate Change & Sustainability and she is supervising the ESG team at Acuity. She also has diverse experience in conducting ESIA, EHS compliance audits, ESG Risks and Controls, EHS & ESG Due Diligence assessments. Prior to joining Acuity, she was working with companies like KPMG Global Services, EY India and ERM India. She has expertise in provisioning extensive research requirements for clients through preparation of Peer Benchmarking, Target Compilation, Sustainability report, Sustainable Finance Updates and Sectoral ESG Thematic Detailing Engagement.
Connect with the experts at contact@acuitykp.com
