Establishing an effective green framework in the Gulf region is critical to driving demand for climate finance via funding from developed economies. Greener spending in the region should be at the forefront of the economic diversification agenda with $1.7 trillion of infrastructure outlay into non-energy projects over the next five years.

During this event, Bloomberg will focus on green bonds issuance by local banks, which is only 5% of all banks debt issuance since 2019. They will also discuss how more liquidity will be needed in the region to support diversification and economic transformational agendas across gulf countries and the need for effective structures to attract foreign investors. Further, they will take a look at how the global banking sector is setting targets around sustainable finance.

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