About the conference
Joint initiative by the Central Bank of the U.A.E., the Bank for International Settlements, and the Emirates Institute of Finance.
The Bank for International Settlements (BIS), the COP28 Presidency and the Central Bank of the United Arab Emirates (CBUAE) today announced the winners of the COP28 UAE TechSprint during an award ceremony ceremony at the 2023 United Nations Climate Change Conference in Dubai. The TechSprint is the first collaboration between the three institutions, together with the Emirates Institute of Finance (EIF). It is a technology initiative aimed at fostering innovation in sustainable finance and combating climate change.
Fifteen shortlisted teams from around the world were invited to develop innovative technological solutions to scale sustainable finance.
Solutions applied artificial intelligence, blockchain, internet of things and sensor technologies. A total of 15 finalist teams presented prototypes to an independent panel of judges and one winner per problem statement was selected.
An overview of the Techsprint and 15 finalists can be found in the report. One year on, in 2024, the COP28 UAE TechSprint organizers hosted a series of roundtables with the shortlisted candidates to assess progress, opportunities, hurdles, and enablers for the application of innovative technologies in sustainable finance. A series of three roundtables convened, each dedicated to the application of one of these technologies with key findings outlined in the report.
Winners
Problem statements
Judges
Intensel from Hong Kong won for problem statement #1, on artificial intelligence, with their climate risk analytics platform that leverages artificial intelligence, satellite imagery and climate and financial models to measure and translate climate hazards into financial risk at the asset level.
ZERO13 from the United Kingdom won problem statement #2, on blockchain, with their blockchain-driven platform facilitating issuance, trading, clearing and settlements of carbon credits linked to tangible ESG assets, with an approach based on interoperability of multiple blockchains and Application Programming Interfaces.
Evercomm Singapore is the winner on problem statement #3, on Internet of Things and sensor technology, with their IoT-powered digital emission disclosures and verification for industrial emission reduction strategies supporting compliance and sustainability-linked financing.
- Ahya Technologies LLC
- Genify.ai
- Hashstacs Pte Ltd
- Intensel Limited
- U-Reg Pte. Ltd.
- Carbobase
- FeverTokens
- Triangle
- Trustwise.io ag
- ZERO13
- Allinfra
- Evercomm Singapore Pte Ltd
- mistEO Private Limited
- Open Earth Foundation
- 6th Grain Corporation
- Ma Jun, Chairman, China Green Finance Committee, President of Institute of Finance and Sustainability
- Saqr Binghalib, Executive Director, UAE Artificial Intelligence, Digital Economy and Remote Work Applications Office
- Madalena Mohamed, Sustainability Director, Bank Negara Malaysia
- Hortense Bioy, Global Director of Sustainability Research, Morningstar
- Marcos Lopez de Prado, Global Head, Quantitative R & D, Abu Dhabi Investment Authority
- Annette Nazareth, Chair, Integrity Council for the Voluntary Carbon Market
- Alexander Lipton, Global Head, Quantitative R & D, Abu Dhabi Investment Authority
- Sonja Gibbs, Managing Director and Head of Sustainable Finance, Institute of International Finance
- Pourya Salehi, Head of Urban Research, Innovation and Development at ICLEI – Local Governments for Sustainability
- Keith Bear, Fellow, Cambridge Centre for Alternative Finance
- Jean Pesme, Global Director of Finance, Competitiveness and Innovation Global Practice, World Bank
- Viviane Helena Torinelli, Transversal Intelligence for Sustainability, Central Bank of Brazil
- Matthew McCabe, Director of the Climate and Livability Initiative, King Abdullah University of Science and Technology
- Katherine Foster, Executive Director, Green Digital Finance Alliance
- Caitlin Nash, Co-Founder, GIIG Africa