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The United Arab Emirates’ clean energy producer Masdar aims to sell its first-ever green bonds within weeks to help fund an effort to boost renewable energy generation capacity five-fold by the decade's end. Securities linked to clean energy are attracting more capital as companies and nations look to cut emissions to fight global warming by diversifying supplies away from hydrocarbons. The UAE was the first Persian Gulf oil state to declare a net zero target for carbon emissions by 2030, even though OPEC’s third-biggest producer still invests billions to boost oil and natural gas output.

UAE Clean Energy Firm Masdar Plans First Green Bond Sale in June

The United Arab Emirates’ clean energy producer Masdar aims to sell its first-ever green bonds within weeks to help fund an effort to boost renewable energy generation capacity five-fold by the decade’s end. Securities linked to clean energy are attracting more capital as companies and nations look to cut emissions to fight global warming by diversifying supplies away from hydrocarbons. The UAE was the first Persian Gulf oil state to declare a net zero target for carbon emissions by 2030, even though OPEC’s third-biggest producer still invests billions to boost oil and natural gas output.

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