WASILA
  • About Us
  • Dubai Real Estate Database
  • Category
    • Banking
    • Business
    • Documents
    • DU
    • etisalat
    • Events
    • Fashion
    • Health
    • How to
    • Information
    • News
    • Nol card
    • Real Estate
    • RTA
    • Technology
    • Top 10 Best
    • what
  • Live Cricket
  • Contact
  • Write for us
No Result
View All Result
  • About Us
  • Dubai Real Estate Database
  • Category
    • Banking
    • Business
    • Documents
    • DU
    • etisalat
    • Events
    • Fashion
    • Health
    • How to
    • Information
    • News
    • Nol card
    • Real Estate
    • RTA
    • Technology
    • Top 10 Best
    • what
  • Live Cricket
  • Contact
  • Write for us
No Result
View All Result
WASILA
No Result
View All Result
Home News

COP27: A $17 Billion Green Bond and Sukuk Market in the UAE

Nadia Akber by Nadia Akber
November 10, 2022
in News
0
COP27
0
SHARES
18
VIEWS
Share on FacebookShare on Twitter

During COP27 in Sharm El-Sheikh, Egypt, the UAE Ministry of Climate Change and Environment (MoCCAE) and the Global Green Growth Institute (GGGI) co-hosted a fireside discussion on their Green Bond and Sukuk Programme.

As part of the UAE’s efforts to encourage the expansion of sustainable finance in the nation, the Ministry announced the release of a new situation analysis report on the green bond and Sukuk market during the session.

Essa Al Hashmi, Assistant Under-Secretary, Sustainable Communities Sector-Ministry of Climate Change and Environment, served as the discussion’s moderator, and Mercedes Vela Monserrate, Head of Sustainable Finance at Abu Dhabi Global Market, served as the discussion’s main speaker (ADGM).

“MOCCAE works with its strategic partners to create awareness among major finance and investment players about the relevance of green bonds and Sukuk as effective financial instruments to boost sustainability,” Al Hashmi added.

“The sustainable finance industry is expanding at a rapid pace. The UAE is one of the most active nations in the region when it comes to issuing green bonds and Sukuk, and the UAE Green Bond and Sukuk Programme Development: Situation Analysis Report aims to strengthen the supportive environment for sustainable finance operations, the expert continued.

According to the survey, the larger financial services community may still not fully understand green financial instruments despite their rising adoption. By outlining the foundations of green bonds and Sukuk as well as the present market circumstances in the UAE, the document aims to fill in any information gaps.

Additionally, it makes suggestions for how the domestic sustainable financing market might be developed further.

The study encourages investments in low-carbon, environmentally sound, and climate-resilient projects and expands on the UAE Sustainable Finance Framework, which was introduced in January 2021.

The overall value of the domestic market for green Sukuk, bonds, and loans has risen to almost $17 billion during the last few years. The global market for green Sukuk was projected to be worth $1 trillion in 2020.

The research discusses the present process for issuing green bonds and Sukuk and elaborates on their capacity to offer thorough and affordable financing. Additionally, it links parties with concrete, bankable projects with major funding organizations like pension funds.

Previous Post

DP World will spend $500 million to reduce CO2 emissions

Next Post

6,000 aggressive Argentine fans were barred from Qatari stadiums during the FIFA World Cup

Nadia Akber

Nadia Akber

I'm Nadia— working as a content writer. I believe my words can count for some change. Basically I am employed as a blog writer. You can find me on website of wasila.ae and Twitter (@nadiaak32).

Next Post
6,000 aggressive Argentine fans were barred from Qatari stadiums during the FIFA World Cup

6,000 aggressive Argentine fans were barred from Qatari stadiums during the FIFA World Cup

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Car lift Dubai

Car lift Dubai

November 25, 2022
Nol card balance check

Check Nol Card Balance Online

December 27, 2022

Five Calling Card

November 25, 2022
Fab Balance Enquiry

How to Check Your Prepaid Card Balance Without Inputting Your Card Number

November 3, 2022
Nol card balance check

Check Nol Card Balance Online

1
Top 10 best afternoon tea in Dubai

Top 10 best afternoon tea in Dubai

1
The Benefits of Outsourcing for Financial Institutions

The Benefits of Outsourcing for Financial Institutions

1
Top 5 computer monitoring software in 2021

High 5 laptop monitoring software program in 2021

0
Why Should I Put Personal Training Marketing First?

Why Should I Put Personal Training Marketing First?

March 24, 2023
bank account

Should You Consider Offshore Banking in Europe

March 23, 2023
Best startup Story – Recognizing startups and Entrepreneurs in UAE

Best startup Story – Recognizing startups and Entrepreneurs in UAE

March 24, 2023
Top 10 most popular Dubai Tours

Top 10 Things To Do On Your Desert Safari Getaway

March 22, 2023

Recent News

Why Should I Put Personal Training Marketing First?

Why Should I Put Personal Training Marketing First?

March 24, 2023
bank account

Should You Consider Offshore Banking in Europe

March 23, 2023
Best startup Story – Recognizing startups and Entrepreneurs in UAE

Best startup Story – Recognizing startups and Entrepreneurs in UAE

March 24, 2023
Top 10 most popular Dubai Tours

Top 10 Things To Do On Your Desert Safari Getaway

March 22, 2023
Wasila

Wasila.ae provides you the best information about Dubai, Sharjah, Abu Dhabi and Ajman.

Follow Us

Browse by Category

  • Banking
  • Business
  • Documents
  • DU
  • etisalat
  • Events
  • Fashion
  • Health
  • How to
  • Information
  • Live Cricket
  • Movies
  • music
  • News
  • Nol card
  • Real Estate
  • RTA
  • Sports
  • Technology
  • Top 10 Best
  • Uncategorized
  • what

Useful websites

WASILA Tech

WASILA.tv

WASILAdatabase.com

Bus Rental Dubai

tuktuk24.com

footballlive.stream

smartcric.tv

 

  • About Us
  • Author
  • Advertise
  • Write for us
  • Privacy Policy
  • Contact

© All Rights Reserved, www.wasila.ae. DMCA.com Protection Status

No Result
View All Result
  • Home
  • About Us
  • UAE Database
  • Write for us
  • Contact
  • Top 10 Best

© All Rights Reserved, www.wasila.ae. DMCA.com Protection Status