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Six Emirati banks have supported the green energy initiatives in the UAE by funding projects worth 190 billion dirhams ($51.8 billion) in 2022, according to the UAE Banks Federation. The significant increase in green financing by UBF members aligns with the Central Bank of the UAE’s Sustainable Finance Working Group guidelines and overarching sustainability goals.

UAE banks financed $51.8bn worth of green projects

Six Emirati banks have supported the green energy initiatives in the UAE by funding projects worth 190 billion dirhams ($51.8 billion) in 2022, according to the UAE Banks Federation. The significant increase in green financing by UBF members aligns with the Central Bank of the UAE’s Sustainable Finance Working Group guidelines and overarching sustainability goals.

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