The Central Bank of the UAE (CBUAE) opened its second Climate Forum in Abu Dhabi on 8 October. A first-day report from Emirates News Agency said the forum was scheduled for 8–9 October and brought together central banks, financial institutions and climate specialists to discuss the effects of climate risk on financial stability and monetary policy. In the opening session, CBUAE Governor Khaled Mohamed Balama called for climate-risk analysis to be integrated more deeply into central-bank and financial-sector practice. The report highlighted reserve management, climate stress testing and sustainable-finance instruments as current areas of work.

WAM reported that the CBUAE’s sustainable-bond holdings averaged 5% of its foreign reserves, while the reserve stock stood at US$257 billion at the end of September. The first figure is a portfolio share; the second is a reserve stock measured at a point in time. They are different measures, and this article does not multiply them to derive a bond value. The CBUAE also said sustainable sukuk operations enable banks to refinance over US$100 billion of sustainable assets. That is a facility capability for eligible assets, not a report of completed refinancing transactions or their realised volume.

The forum’s agenda examined how climate risk can affect financial stability and monetary policy. The report lists preparations for a climate-risk stress test, implementation of the Climate-related Financial Risk Management Regulation and the integration of environmental considerations into monetary-policy operations among CBUAE initiatives. These mechanisms can help banks and supervisors connect long-term climate exposure with lending, asset valuation and liquidity decisions. That is an explanation of their possible function; the event report does not say that implementation is complete across every institution or that measured effects have been published.

Participants also discussed sustainable finance as a way to mobilise capital for the net-zero transition, opportunities in the blue economy and innovation in green financial products. Digitalisation and financial innovation were presented as tools that could make these solutions more accessible and scalable. WAM said sessions also considered possible uses of digital public and private money in payment and settlement systems. The discussion points to an effort to connect climate objectives with payment infrastructure and data systems as well as lending policy. It does not establish that a specific new product or regulation has entered operation.

The forum also referred to the CBUAE’s participation in the Network for Greening the Financial System (NGFS) and its co-chair role in the network’s workstream on central-bank operations. The source says the network comprises more than 140 central banks and financial supervisors; that is a lower bound, not an exact membership count. The CBUAE said supporting sustainability had recently been incorporated into its mandate and that climate stress-test preparations were under way. A role in the international network can provide a channel for sharing methods and experience, but it does not by itself establish a common policy or identical practice among members.

Alongside the first-day discussions, WAM reported that the CBUAE planned to hold a climate research seminar on 9 October with the London School of Economics’ Centre for Economic Transition Expertise. The source said the seminar would examine climate-risk modelling, responsible investment and policy issues linked to the net-zero transition; it did not report a completed outcome. The forum’s economic relevance lies in efforts to bring climate-related risks into financial institutions’ measurement and management processes. Their practical effects can be assessed as stress-test results, supervisory implementation and sustainable-finance flows are disclosed.