CEBC PRESS RELEASES AND MEDIA

The Clean Energy Business Council (CEBC) announces its relocation to Abu Dhabi Global Market (ADGM)

Clean Energy Business Council (CEBC)

26 July 2020 - Dubai, UAE

We are pleased to announce that the Clean Energy Business Council (CEBC) has formally relocated and is now registered in the Abu Global Market (ADGM). The CEBC was established in 2008 in Masdar City as a non-profit, non-governmental association with the aim to provide a unique all-inclusive platform bringing together leading local and international organisations participating in the clean energy and clean technology sector in the Middle East and North Africa. It has been a long and productive journey and we are thankful to Masdar City team for all the support we have received over the past years.

ADGM is an international financial center and the hub for Sustainable Finance in the MENA region. Recently ADGM has published the UAE Guiding Principles on Sustainable Finance during the Abu Dhabi Sustainable Finance Forum 2020, which serves as a catalyst in the implementation of the UAE’s sustainability priorities. Climate and Sustainable Finance has always been a key focus for the CEBC. As CEBC, we have been working to educate the various financial and governmental organizations in the MENA region on the market needs and to get them to take action to facilitate and create access to financing and we are looking forward to working closely with ADGM on this agenda.

Dr. Nasser Saidi, Chairman, Clean Energy Business Council (CEBC), said: “The CEBC is active in the UAE, GCC and MENA with a wide membership network. We are delighted to join the growing family of the ADGM. The ADGM is expanding its vital role in supporting and leading the clean energy and clean tech sector in the region through its various activities and initiatives such as supporting clean tech startups through different investment and incubation channels such as Hub 71. We look forward to our cooperation and partnership in sustainable finance and mitigating the growing risks of climate change through fostering investment in clean energy and technology in the MENA region.”

Richard Teng, Chief Executive Officer, Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), said: “We are pleased to welcome the Clean Energy Business Council (CEBC) to ADGM. The UAE and Abu Dhabi have provided leadership and embarked on important initiatives to achieve Sustainable Development Goals. With environmental and social goals being a critical component of ADGM’s strategy, we have worked tirelessly in developing a vibrant sustainable finance ecosystem that supports clean investments, with lasting economic impact to enhance the future of business growth across the region.”

About CEBC:
The Clean Energy Business Council (CEBC) is a nonprofit organization dedicated to promoting clean energy including renewables, energy efficiency, smart grid, energy storage electric mobility and clean energy technology and solutions for the environmental sector. Established in 2008 by a group of leading institutions, companies and individuals who recognised the potential for a clean energy revolution in the MENA region, the CEBC creates a forum for stakeholders to come together to exchange ideas, share information and facilitate projects. CEBC provides a platform to further dialogue between the public and private sectors to develop much needed policy and regulation to help drive the implementation of clean energy across the MENA region.

CEBC’s mission is to establish a leading forum for companies and government entities focused on the development and deployment of clean energy in the MENA region and to promote the clean energy industry beginning to flourish in the region, informing the wider community of the benefits of the sector. We support and assist governments, industry and the community in the region to meet low carbon targets and sustainability goals, and through collaboration with government agencies and other stakeholders we aim to drive policy development and regulation and financing of this rapidly developing and exciting sector. By developing strategic alliances with research institutions, international associations, media and intergovernmental organizations we work together to drive the delivery of clean energy solutions for MENA and coordinate and disseminate data and information to ensure relevant benchmarking and transparency in the sectors’ development.