BlackRock and Abu Dhabi launch think tank

The globalist agenda

Published 7 December 2023
- By Editorial Staff
Critics say COP28 has been hijacked by lobbyists and big business.

During the “Finance Day” at the UN climate summit COP28, it was announced that Abu Dhabi will host the newly formed and supposedly independent think tank Global Climate Finance Center (GCFC). Its stated goal is to remove barriers to investment in “low-carbon” and “climate-smart” projects.

The think tank and research center includes the UAE’s sovereign wealth fund, Abu Dhabi Developmental Holding CO, the World Bank, the powerful investment firm BlackRock, and asset managers Ninety One and HSBC.

“this independent hub in Abu Dhabi will continue to support the scale-up of well-functioning, aligned green finance markets to drive the growth of climate finance”, reads a statement by the think tank.

– It will put Abu Dhabi and the UAE at the forefront of driving global change in sustainable finance, providing a positive legacy for years to come, said oil mogul and COP28 president Sultan Al Jaber.

Nordic-american cooperation

The “Finance Day” also saw the announcement of a new collaboration between the US and the Nordic countries to mobilize private capital for climate-related investments in emerging and developing countries.

The Investment Mobilization Collaboration Arrangement calls for public-private partnerships that will “create concrete pipeline collaboration”, support blended finance, and catalyze private capital, government officials from the US, Sweden, Denmark, and Finland said in the announcement.

Discussions with other donor countries are also reportedly underway. Operational partner the World Climate Foundation said IMCA will work with an asset owner advisory committee for technical support, and will engage with leading asset managers on blended finance instruments and with asset owners to secure financial commitments.

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