The Central Bank of the UAE (CBUAE), the
Bank for International Settlements (BIS), the Emirates Institute of Finance
(EIF) and the COP28 Presidency have launched the COP28 UAE TechSprint, a global
initiative aimed at promoting innovation in scaling sustainable finance and
combating climate change. The launch of the COP28 UAE TechSprint comes ahead of
the UAE's hosting of COP28 later this year.
The initiative aims to encourage the
participation of financial innovators and developers from global private and
public sector entities in fast-tracking innovative technology solutions to address
challenges in green and sustainable finance through technologies such as
Artificial Intelligence (AI), Blockchain, Internet-of-Things (IoT), and sensor
technologies across three problem statements:
AI solutions for sustainable finance reporting,
verification, and disclosure in the financial services industry.
Blockchain solutions for auditing and
enhancing transparency, traceability, and accountability in sustainable finance.
IoT and sensor technology solutions for sustainable
finance to ensure informed assessments of impact or risk.
The COP28 UAE TechSprint is open to technology and financial innovators
and developers from around the world. To participate, please register at link and submit technology
proposals to one or more problem statements by [Friday, 6 October 2023].
Shortlisted participants for each problem statement will be invited
to further develop their solutions and will be eligible for a stipend of [AED
45,000 (approximately USD 12,000)].
A winner for each problem statement will be selected by an
independent panel of experts. The winners will be announced at COP28 UAE in December
2023, with each winner eligible for an award of [AED 220,000 (approximately USD
For more information about the initiative and the participation,