ABU DHABI, UAE, Dec. 12, 2024 /PRNewswire/ — ADGM, the international financial centre (IFC) of Abu Dhabi, in partnership with Global Climate Finance Centre (GCFC), HSBC and Smartenergy, today hosted the 7^th edition of the Abu Dhabi Sustainable Finance Forum (ADSFF) to round off Abu Dhabi Finance Week (ADFW).

Marking exactly one year since the end of COP28 and just weeks after COP29, ADSFF underscored its strong commitment to covering critical conversations on sustainable financial development, providing an interactive and global platform for discussions on regulation, awareness and collaboration.

This year’s ADSFF involved strategic and high-level discussions on achieving not just the UAE’s net-zero ambitions, but also contributing to the world’s transition to a sustainable future, further positioning Abu Dhabi and ADGM as leaders in building a long-term momentum for sustainable finance.

Her Highness Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, President and CEO of the UAE Independent Climate Change Accelerators, delivered a keynote address, emphasising the UAE’s leadership role in climate action and the need for collaborative approaches to effectively address environmental challenges through blended finance.

H.E. Majid Al Suwaidi, CEO of Alterra, led an insightful fireside chat with the CEO of GCFC, Mercedes Vela Monserrate on the launch of the world’s largest climate fund, its progress to date and how it is mobilizing capital alongside its partners in the session, ‘Catalysing the Future: Abu Dhabi’s Bold Vision to Become A Global Climate Finance Hub’.

The ADSFF agenda also explored a range of pressing topics in sustainable finance and environmental governance. A notable session was a keynote speech from Carme Artigas Brugal, Co-Chair of the AI Advisory Body at the United Nations, where she highlighted the UN’s advancements in setting international rules for AI. Artigas, who leads the initiative for establishing a global rulebook on AI cooperation, highlighted AI’s potential to address global challenges, emphasising the importance of integrating ethical considerations alongside the pursuit of Sustainable Development Goals.

In his welcome address, Emmanuel Givanakis, CEO of the Financial Services Regulatory Authority at ADGM, highlighted ADGM’s initiatives on sustainable finance, reiterating its strategic mission to be a catalyst in the Capital of Green Capital. Givanakis said, “At ADGM, we position ourselves as a key driver in the UAE’s path towards achieving net-zero emissions by 2050, offering an ecosystem supported by a comprehensive regulatory framework that promotes sustainable finance and climate transition. We also encourage public and private sectors to collaborate in bridging the green financing gap, accelerating the transition to net-zero, and shaping the sustainable financial landscape of the future.”

“The success of ADSFF is a testament to its relevance in driving knowledge, providing insights and building partnerships in the financial sector role to tackle climate change,” he remarked.

Senior representatives of the global banking group, HSBC, highlighted the current global climate economy and shared HSBC’s strategies to mobilise finance and promote innovation that aligns with science-based targets to limit global temperature rises to 1.5°C. In a panel discussion on impactful investing, panellists Fabrice Dumonteil – Chairman & CEO of Eiffel Investment Group, Jérôme de Bontin – Partner at Capricorn Investment Group, Jonathan Dean – Head of Impact Private Equity Fund Management at AXA IM Alts and Ewa Jackson, – Managing Director and Head of Climate Product at Apollo Global Management examined how private capital flows into environmentally beneficial projects and questioned the current ecosystem’s effectiveness in creating measurable impact.

Carbon markets and their evolution were also a major focus, with experts from Climate Finance Partners, the Financial Services Regulatory Authority (FRSA) of ADGM, Offset8 Capital and GIGATONS addressing the possible use of carbon credits as a means to finance climate change and achieve national targets.

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Renewable energy, another key topic, discussed the International Energy Association’s (IEA) prediction of accelerated growth in renewables over the next five years. Experts from Smartenergy, Hudson Sustainable Group, Stonepeak and Vortex Energy shared insights into emerging opportunities in renewable markets

ADSFF also witnessed 44 new signatories for the Abu Dhabi Sustainable Finance Declaration, a platform for the signatories to engage directly with ADGM, and to collaborate on best practices, innovative solutions and commercial offerings within sustainability. With this addition, the total number of members who signed the declaration has grown to 160 signatories.

The Women in Finance conference was another significant event to mark the last day of ADSFF. It gathered highly accomplished women in the financial sector such as Martina Strong – Ambassador of the Embassy of the United States of America to the UAE, Dr. Alyazia Al Kuwaiti – Executive Director – UAE Industries at Mubadala Investment Company, Madiha Sattar – MD, Growth Ventures Partner at BNY, Amna Ajmal – EVP of Mastercard and Rania Fathallah – Managing Director – Private Credit at Franklin Templeton who delivered inspirational speeches and fostered meaningful connections.

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HONG KONG, Dec. 12, 2024 /PRNewswire/ — COCA, the innovative crypto super app, has achieved another key milestone with the listing of its token, $COCA, on the global exchange BitMart. Trading began on December 12, 2024, at 4:00 PM UTC, marking BitMart as the second exchange to list $COCA following its strong debut on MEXC earlier this month. This latest listing underscores $COCA’s growing momentum and presence in the cryptocurrency space.

Trade $COCA on BitMart Now

$COCA Token Surges Amid Strong Market Demand

The BitMart listing follows the highly successful debut of $COCA on MEXC earlier this month. Market demand propelled the token’s price from its launch value of $0.05 to $0.39—a staggering 680% increase. This robust performance underscores the growing confidence in the COCA ecosystem and its innovative approach to managing crypto assets.

Universal Gas Token: Breaking Down Crypto Barriers

The Universal Gas Token (UGT) is a key feature driving $COCA’s success, addressing one of the biggest hurdles in cryptocurrency adoption: gas fees.

With UGT, $COCA solves a common Web3 problem—users often have tokens or NFTs but lack the native blockchain coins (like TON, ETH, or MATIC) needed to send them. COCA Wallet makes it simple: users can acquire UGT directly within the wallet using their existing crypto or COCA’s card. This allows them to cover network fees on any blockchain with ease.

Mila Kryvko, CMO of COCA Wallet, remarked: “The listing of $COCA on BitMart brings us closer to our goal of making blockchain technology both accessible and rewarding. The Universal Gas Token isn’t just an innovation—it’s a game-changer for simplifying Web3 interactions.”

$COCA’s listing on BitMart also highlights its pivotal role within the COCA Wallet ecosystem:

• Governance Participation: $COCA empowers its holders with voting rights, shaping the future direction of the platform.
• Enhanced Rewards: Token holders enjoy exclusive cashback, discounts, and perks, with the highest tiers offering unmatched benefits for active users.
• Decentralized Cashback: The token introduces a groundbreaking cashback model, enabling users to earn rewards on COCA Card transactions globally.

About COCA Wallet

COCA Wallet is redefining the crypto landscape with a super app that combines security, simplicity, and innovation. From Universal Gas Token functionality to cross-chain swaps and a decentralized cashback model, COCA Wallet continues to lead the way in delivering user-friendly solutions that enhance the crypto experience.

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For more details about $COCA’s utility visit its Tokenomics. To explore the ecosystem further, visit www.coca.xyz.

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Silicon Carbide Battery Market is Segmented by Type (Silicon Carbide Lithium Ion Battery, Silicon Carbide Sodium Ion Battery), by Application (Mechanical Engineering, Automotive Industry, Aerospace, Oil And Gas, Chemical Industry, Medical Technology, Electrical Industry)

BANGALORE, India , Dec. 12, 2024 /PRNewswire/ — The Global Silicon Carbide Battery Market was valued at USD 213 Million in 2023 and is anticipated to reach USD 400.6 Million by 2030, witnessing a CAGR of 8.5% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Silicon Carbide Battery Market:

The silicon carbide battery market is witnessing rapid growth, driven by rising demand for high-performance energy storage solutions across industries such as automotive, renewable energy, and consumer electronics. Silicon carbide batteries offer superior thermal stability, faster charging, and higher energy efficiency compared to traditional options, making them ideal for electric vehicles (EVs), grid storage, and industrial applications.

The automotive sector leads adoption due to the need for extended range and enhanced performance in EVs, while renewable energy projects leverage these batteries for efficient energy storage and management. Advancements in battery technology and manufacturing processes are reducing costs, further boosting market accessibility. As industries shift toward cleaner and more efficient energy systems, the silicon carbide battery market is poised for sustained global expansion.

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TRENDS INFLUENCING THE GROWTH OF THE SILICON CARBIDE BATTERY MARKET:

Silicon carbide lithium-ion batteries are a significant growth driver for the silicon carbide battery market, offering enhanced energy efficiency and durability. These batteries leverage the superior thermal and electrical properties of silicon carbide, enabling faster charging and prolonged lifespan compared to traditional lithium-ion batteries. Industries such as automotive, consumer electronics, and renewable energy are increasingly adopting these batteries to meet growing energy demands. In electric vehicles (EVs), silicon carbide lithium-ion batteries provide improved range and performance, making them a preferred choice among manufacturers and consumers. Additionally, their ability to operate efficiently at high temperatures makes them ideal for challenging environments. As technological advancements continue to improve energy density and reduce production costs, the adoption of silicon carbide lithium-ion batteries is expected to rise, driving the overall market. The increasing focus on sustainability and energy efficiency further solidifies their role in shaping the future of energy storage solutions.

Silicon carbide sodium-ion batteries are emerging as a key growth segment in the silicon carbide battery market due to their cost-effectiveness and resource availability. Sodium-ion batteries provide a sustainable alternative to lithium-ion batteries, utilizing abundant sodium resources to address supply chain challenges associated with lithium. The integration of silicon carbide enhances the performance of sodium-ion batteries, improving their energy density, thermal stability, and charging speed. These batteries are increasingly adopted in stationary energy storage systems, renewable energy integration, and grid applications where cost efficiency is a priority. Additionally, the development of advanced materials and manufacturing techniques has made silicon carbide sodium-ion batteries more competitive in commercial and industrial sectors. With growing investments in renewable energy infrastructure and the need for scalable energy storage solutions, the demand for silicon carbide sodium-ion batteries continues to rise, driving market expansion.

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The automotive industry is a major driver of the silicon carbide battery market, leveraging the advantages of silicon carbide in electric vehicles (EVs) and hybrid electric vehicles (HEVs). Silicon carbide-based batteries offer improved energy efficiency, longer range, and faster charging times, addressing key consumer demands in the EV market. Automakers are adopting these batteries to enhance vehicle performance while meeting stringent emission regulations and sustainability goals. Silicon carbide batteries are also gaining traction in autonomous vehicles and advanced driver-assistance systems (ADAS), where high energy output and reliability are critical. Furthermore, government incentives and investments in EV infrastructure have accelerated the integration of silicon carbide batteries in the automotive sector. As the global transition to electric mobility intensifies, the role of silicon carbide batteries in shaping the future of transportation continues to grow, driving significant demand and innovation in the market.

Innovations in silicon carbide material technology have significantly enhanced the performance of batteries, driving their adoption across industries. Improved thermal conductivity, energy efficiency, and durability make these batteries ideal for demanding applications, supporting market growth. Furthermore, the growing popularity of electric vehicles (EVs) has fueled the demand for silicon carbide batteries, which offer superior performance and range compared to traditional batteries. Automakers increasingly rely on silicon carbide technology to meet consumer expectations and regulatory requirements.

Renewable energy projects, such as solar and wind farms, require efficient energy storage solutions to manage intermittent power generation. Silicon carbide batteries provide high-capacity and reliable storage, driving their adoption in renewable energy applications. Furthermore, the consumer electronics sector leverages silicon carbide batteries for their compact size, fast charging capabilities, and long lifespan. Devices such as smartphones, laptops, and wearables benefit from the enhanced performance offered by these batteries, supporting market expansion.

Silicon carbide batteries align with sustainability goals by reducing energy consumption and increasing battery lifecycle. Their eco-friendly properties make them an attractive choice for industries prioritizing green energy solutions, driving market growth. Industrial sectors adopt silicon carbide batteries for heavy machinery, robotics, and power tools, where high energy density and efficiency are essential. These batteries support reliable and sustainable operations, contributing to market growth.

Governments worldwide are investing in silicon carbide battery research and development to support clean energy initiatives. Subsidies and tax incentives encourage manufacturers to adopt silicon carbide technology, boosting market expansion.

Moreover, advances in manufacturing processes have reduced the production costs of silicon carbide batteries, making them more accessible to a broader range of applications. This affordability drives adoption across sectors, supporting market growth.

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SILICON CARBIDE BATTERY MARKET SHARE

The silicon carbide battery market shows robust growth across regions. North America leads due to significant investments in electric vehicles, renewable energy, and advanced battery technologies. Europe follows, driven by stringent emission regulations and the growing adoption of clean energy solutions. Asia-Pacific is the fastest-growing region, fueled by expanding EV production, increasing renewable energy projects, and supportive government policies. Countries like China, Japan, and South Korea are at the forefront of this growth, driven by strong manufacturing capabilities and innovation in battery technology. Emerging markets in Latin America and the Middle East are also contributing, supported by rising infrastructure development and energy storage needs. These regional dynamics highlight the global expansion of the silicon carbide battery market.

Key Companies:

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• Avnet
• CIL
• CISSOID
• Coherent Corp.
• Hitachi Energy Ltd
• Infineon
• Marelli
• ON Semi
• ROHM CO LTD
• Wolfspeed Inc.
• Showa Denko
• Alpha Power Solutions (APS)
• Kallex Company Ltd
• Episil Holding Inc
• Volkswagen Group
• STMicroelectronics
• X-FAB Silicon Foundries SE
• Power Integrations
• Mitsubishi Electric Power Products Inc
• GS Yuasa Corporation
• Toshiba Corporation
• Texas Instruments
• Semikron International GmbH
• Silicon Power Corporation
• NexTech Materials

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–          Silicon Carbide Ceramics for Lithium Ion Battery Market

–          Lithium Battery Silicon Carbon Anode Material market was valued at USD 421 Million in 2023 and is anticipated to reach USD 2740.3 Million by 2030, witnessing a CAGR of 35.9% during the forecast period 2024-2030.

–          Silicon-based Battery Anode Material Market revenue was USD 380 Million in 2022 and is forecast to a readjusted size of USD 3381.3 Million by 2029 with a CAGR of 42.1% during the forecast period (2023-2029).

–          Silicon Anode Battery market was valued at USD 176 Million in 2023 and is anticipated to reach USD 771.3 Million by 2030, witnessing a CAGR of 23.0% during the forecast period 2024-2030.

–          Battery Grade Nano Silicon market was valued at USD 39.2 Million in 2023 and is anticipated to reach USD 271 Million by 2030, witnessing a CAGR of 30.6% during the forecast period 2024-2030.

–          Silicon Carbide Susceptor Market

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–          Atmospheric Pressure Sintered Silicon Carbide Ceramics market was valued at USD 2218 Million in 2023 and is anticipated to reach USD 3809 Million by 2030, witnessing a CAGR of 8.5% during the forecast period 2024-2030.

–          Silicon Anode Power Batteries Market

–          Silicon Carbide Focus Ring Market

–          Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors Market revenue was USD 1016.4 Million in 2022 and is forecast to a readjusted size of USD 8713.7 Million by 2029 with a CAGR of 35.5% during the review period (2023-2029).

–          Silicon Carbide for Battery Market

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