Indeed, there is a global shortage

Indeed, there is a global shortage of dedicated climate finance frameworks, including in the GCC monarchies. Some promising initial projects include the 2021 Sustainable Finance Framework in the UAE, which has pushed dozens of financial institutions to lend and invest in environmentally sound activities; a 2019 scheme from Oman’s Bank Muscat to encourage renewable energy installation; and Saudi Arabia’s 2022 Green Finance Framework through its Public Investment Fund – the country’s sovereign wealth fund – which has released two tranches of green bonds aimed at supporting the local green agenda. The EU, for its part, has a diversified portfolio of climate finance instruments and frameworks สล็อต เว็บตรง