On 11th November, Greengage, a Hub71 startup joined the Abu Dhabi Sustainable Finance Declaration to support the growth of a sustainable digital assets sector in Abu Dhabi.

Our pledge is as follows:

1.Support Carbon Markets, Green Investments & Blue Carbon Initiatives: We support the use of blockchain where possible to enhance transparency in carbon markets and encourage green investment products. Greengage also supports the tokenization of blue carbon projects that capture carbon in coastal ecosystems (e.g. mangroves in the UAE), creating inclusion for more investors to access these types of assets through Web3 platforms with reduced risk and settlement costs.

2.Support Carbon Credit Access for SMEs: Greengage is focused on helping SMEs access carbon credits to meet their Scope 3 emissions’ targets. By providing solutions that make it easier for small and medium enterprises to participate in carbon markets, we aim to support their journey toward sustainability and lower their environmental impact.

3.Promote Renewable Energy & Improve Mining Technology: Greengage advocates for the use of renewable energy generally, and specifically in digital asset mining with support for the development of more energy-efficient mining hardware. We encourage mining operations to leverage surplus renewable energy, helping to reduce the environmental footprint of digital assets and increase RoI for renewable energy projects. We have developed extensive content focused on how blockchain technology can align with ESG requirements.

4.Commit to Transparency & Responsible Innovation: We emphasize transparency in sustainable practices, responsible corporate governance, and the ethical development of digital financial products to drive lasting change.

5.Encourage Regulatory & Policy Changes: We back regulations and standards that incentivize renewable energy use in digital asset mining and align with environmental goals like the ADGM’s Sustainable Finance Declaration.

About Abu Dhabi Sustainable Finance Declaration

Abu Dhabi Global Market (ADGM) is an international financial centre and free zone located on Al Maryah Island in Abu Dhabi, the capital of the United Arab Emirates. Established in 2013 and fully operational by October 2015, ADGM serves as a key hub for financial services, fostering economic growth and innovation in the region.

For more information, please visit https://www.adgm.com/

For more information on the initiative, please visit https://www.adgm.com/initiatives/sustainable-finance/declaration