UAE Banks Prioritize Green Financing to Tackle Climate Change

Six major banks accounted for nearly $51 billion in green financing by the end of 2022

August 28, 2023

/ Rakesh Ranjan
/ Finance and M&A, Other, Renewable Energy
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The UAE Banks Federation (UBF) has disclosed that six major banks, including the First Abu Dhabi Bank, the Abu Dhabi Commercial Bank, the Emirates NBD, the Dubai Islamic Bank, Mashreq, and the Abu Dhabi Islamic Bank, have collectively channeled over AED190 billion (~$51.72 billion) into green financing for projects involving renewable energy, waste-to-energy, and green technology as of 2022.

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Rakesh Ranjan

More articles from Rakesh Ranjan.
banksClimate GoalsESGGreen FundingSustainabilityUAEUBF
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