Page 115 - ETIHAD CREDIT INSURANCE PR REPORT - JUNE 2024

6/20/24, 10:55 AM PRESSR: Etihad Credit Insurance showcases its efforts in promoting sustainability and climate action at ‘TXF Global 2024’ — Tra…
H.E. Al Mazrouei added, “ECI has joined various initiatives and established

partnerships that support the adoption renewable energy and implementation

of sustainability projects, including the Africa Green Investment initiative (AGII)
and our partnership with Masdar. These efforts come in line with the United

Nations Sustainable Development Goals (SDGs), particularly those focusing on

Affordable and Clean Energy, Industry, Innovation and Infrastructure, and

Climate Action.” She further pointed out the positive impact of ECI’s

membership in the alliance, while shedding light on the ways it can reinforce
cooperation with other export credit agencies and increase its capacity to

contribute to the efforts to attain climate targets.

Additionally, H.E. Al Mazrouei emphasised the company’s vital efforts and

contributions towards global climate goals, such as the 2030 Sustainable

Development Agenda and the Paris Agreement, even though it was established

recently. Commenting on the Africa Green Investment Initiative (AGII) and its

results in improving sustainability of the continent, H.E. Al Mazrouei said,
“Launched by the COP 28 Presidency at the Africa Climate Summit as part of

Union Program 7 by the UAE, AGII’s efforts aligns with the targets of NZECA

Alliance. With Africa50 as a key partner, it seeks to raise USD 4.5 billion from

renowned climate action companies in the UAE, including Masdar, the Abu Dhabi

Fund for Development, AMEA Power and ECI.”

In this context, H.E. Al Mazrouei emphasised the company’s critical role,
especially noting its commitment to contribute USD 500 million by offering

cutting-edge NZECA business solutions and facilitating joint efforts between the

initiative’s partners and stakeholders, which include private financiers,

institutional investors, development banks, nonprofit organisations, export

credit agencies and technical experts. This supports in financing for ambitious

green projects in the African continent, signifying the company’s commitment
to support the NZECA Alliance’s objectives of lowering carbon emissions and

boosting climate resilience.

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