The Hong Kong Monetary Authority and the Dubai Financial Services Authority announced on Thursday that an inaugural joint climate finance conference will be held in Hong Kong next month.

The HKMA–DFSA Joint Climate Finance Conference, scheduled on Sept 16, 2024, will further promote Hong Kong and Dubai's deepening relationship on sustainable finance, the HKMA said in a statement.

As the flagship initiative of the HKMA–DFSA partnership announced in December 2023, the conference will focus on the opportunities and challenges of transition finance, driving practical discussions between the Middle East and Asia, it added.

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The gathering will feature an engaging fireside chat between Chief Executive of the HKMA Eddie Yue Wai-man and Chief Executive of the DFSA Ian Johnston.

It will also include high-profile speakers who will lead insightful panels concentrating on topics such as the vision for net-zero transition, channeling capital into transition, and the future of transition, the HKMA said.

It earlier said that the conference will align with the commitments driven by the United Arab Emirates’ presidency of the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change and leverage Hong Kong's role as a leading green and sustainable finance hub in Asia. 

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Dubai, located on the southeastern coast of the Arabian Gulf, is the most populous city in the UAE and serves as the economic and financial center of the Middle East.