Over six million Canadians outside of Quebec are served by credit unions this number swells to over 10 million, one in four Canadians when you include Quebec. This dedication to exceptional customer service has been recognized through the Ipsos Financial Service Excellence Award for Customer Service, which Canadian credit unions have received for an impressive 18 consecutive years. A continued commitment to excellence The WCUC 2023 opening ceremony featured Eagle Dancers, along with performers from members from each attending member. With a focus on tailor-made financial services and personalized support, credit unions in Canada place the needs and aspirations of their members at the forefront. In his address, Guthrie highlighted the unwavering commitment of Canadian credit unions to building a better future for individuals and communities. Guthrie's speech was part of the kickoff for the 2023 World Credit Union Conference (WCUC) in Vancouver, which marked a significant milestone as it is the first time in a decade that Canada has hosted this global event. "The future of the credit union movement is bright in Canada and worldwide." "Let us join forces to take on the challenges ahead, not just as problems to overcome, but with a growth mindset of the promising opportunities for the future for us as a sector," CCUA President and CEO Jeff Guthrie states. Sultan Al Jaber, president of COP28, said carbon markets were an important tool, but "a lack of commonly-agreed standards was undermining their integrity and diminishing their value".Ī working paper released by the Debt Relief for Green and Inclusive Recovery Project found that sub-Saharan African countries face annual debt servicing costs that are nearly the same as their climate finance needs.Credit unions united have the power to enact positive change and have a transformative role in shaping Canadians' future, the Canadian Credit Unions Association (CCUA) leader told attendees at a global gathering of credit union representatives. They say carbon credits are a pretext for continued pollution by wealthier countries and corporations, who should instead pay their "climate debt" through direct compensation and debt relief. Many African campaigners have opposed the summit's approach to climate finance, and about 500 people marched in downtown Nairobi on Monday to protest. The $450 million commitment by UAE Carbon Alliance, a coalition of private sector players, was announced by Hassaan Ghazali, an investment manager at the UAE Independent Climate Change Accelerators (UICCA).Ĭlimate Asset Management - a joint venture of HSBC Asset Management and Pollination, a specialist climate change investment and advisory firm - also announced a $200 million investment in projects that will produce ACMI credits.īritain said UK-backed projects worth 49 million pounds ($62 million) would be announced over the course of the summit, while Germany announced a 60 million euro ($65 million) debt swap with Kenya to free up money for green projects. The oil-producing UAE has been positioning itself as a climate financing leader in Africa. climate conference later this month and the COP28. They plan to issue a declaration outlining Africa's position ahead of a U.N. More than 20 presidents and heads of government are expected to attend the summit from Tuesday. "If you look at what we've got on thermal energy, on solar, on wind, on hydro, this is a powerhouse just waiting to be unleashed," she told Reuters. "The private sector really remains an untapped opportunity that now must be seized," said Patricia Scotland, secretary-general of the Commonwealth of 56 countries.
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