Scaling Private Sector Climate Finance in the MENA Region
Year: 2022
Content-Type: Report
Description: The global effort to fight climate change as well as the need to adapt and build resilience to the changing climate (climate adaptation) pose a set of challenges and opportunities for financial institutions in the MENA region. UNEP FI underwent a consultation process with member banks. Some recurring topics have been: ◾ Effective climate action requires clear sectoral priorities for banks to focus on, as well as typologies or taxonomies to guide lending portfolios. ◾ While banks recognise the importance and the business case for expanding their climate finance portfolios, and climate-aligned refinancing options are generally available, commercially viable climate finance projects are still scarce. ◾ Banks’ climate finance engagement often goes beyond their own lending books by advocating at the national and international levels, and shaping policies and priorities through their system-wide networks. ◾ The teams within banks frontrunning the climate finance market recognise the need for awareness building with other stakeholders.
Pages: 38 pages
Author: Gigov, Anton
Categories: Agriculture / Farming, Climate / Resilience, Developing countries, Public banks, Publications, Sustainability
Tags: Agricultural Development, Climate Finance, Climate Mitigation, Infraestructure, Public Development Banks