The Opportunities of Green Bonds and Green Sukuk
The Opportunities of Green Bonds and Green Sukuk
Issuance of green sukuk is scarce, but factors such as rising demand of energy, changing mix of energy and need for investment in infrastructure can drive the popularity of this financial product. The Confirmation that Green Financing Works According to the World Economic Forum, green bonds can be an effective tool in managing climate risks, […]
Green Technology – A Strategic Focus for Dubai FDI
Green technology is one of the strategic sectors for Dubai FDI, in sync with the vision of building a green economy. Investment Week Highlights During its first-ever investment week, Investing in Future Transformations, Dubai FDI, the Dubai Investment Development Agency in the Department of Economic Development (DED) – Government of Dubai, took the opportunity to […]
Green Financial Support for Green Drivers
UAE banks are responding to international predictions and local initiatives of transitioning to greener, emission-free roads through targeted green auto loans. Strong Global and Local Trends A Bloomberg New Energy Finance published in 2016 projected that electric vehicles (EV) will cover 35% of global new car sales by 2040. The accelerated adoption rate would be […]
Award-winning Financing Solution for First Waste-to-Energy Facility
The collaboration between Bee’ah, pioneering waste management company, and Masdar, the Abu Dhabi Future Energy Company, to establish the first waste-to-energy facility in the Middle East is groundbreaking, not only from the projected waste reduction, but also through the innovative financing solution secured. The First of its Kind Waste-to-energy is a form of energy recovery, […]
From Lending to Investing
Taking a look at the first green loan in the Middle East region with an Islamic format that links pricing to environmental performance. The first green loan in the Middle East region with an Islamic format that links pricing to environmental performance was established in October 2018. Led by Standard Chartered, the green loan consists […]
Leading Green Financing Mindset
ACWA Power combines securing smart green investment with projects which deliver effective sources of renewable energy. ACWA Power, a leading developer, investor, co-owner and operator of power and desalinated water production plants, was recognised, for the second year in a row, as the Renewables Company of the Year, at the MEED Awards 2018, due to […]
Green Funding for Reshaping the Energy Sector
The Dubai Green Fund , with the goal of transforming Dubai with the least carbon footprint, has already raised AED 2.4 billion through an agreement with National Bonds. In 2015, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, launched Dubai Clean Energy Strategy 2050, […]
Fuelling Sustainability with HE Saif Al Falasi
1. How are you incorporating sustainability, in particular energy savings and alternative energy sources, into your corporate strategy? ENOC’s operational excellence across the length and breadth of its businesses is well-known in the market, and so is our intensive work in Energy & Resource Management (E&RM). We work closely with the Dubai Supreme Council of […]
My Energy, My Responsibility
“The clear and supportive leadership vision of His Highness Sheikh Zayed Al Nahyan, paved the way to develop a long-term strategy and deliver a phased roadmap towards sustainability and environmental quality in the UAE.” The efforts of the UAE and Dubai to spearhead clean energy development in the region contribute greatly beyond the borders of […]
The Future Energy Role Model
“It is important that we continue raising awareness in Dubai on the benefits of retrofitting and its positive impact on the environment.” In line with the new targets set out by Etihad Energy Services Company (Etihad ESCO) this year, Ali Al Jassim, CEO of Etihad ESCO, recently inaugurated the first session of Dubai’s Energy Efficiency […]
