Author: Rania Hassan

In the coming years, one of the biggest challenges facing low and middle-income nations will be finding enough funds to finance the increasing number of eco-friendly (green) projects to meet the UN’s 2030 climate ambitions. “With COP27 [the 27th Conference of the Parties] and COP28 both in the Arab world, support for sustainability projects will sharply increase in the region,” Salem Patel, head of asset management for GFH Finance Group, a GCC-based firm, wrote in an April blog post. “Now is an excellent time for investors to harness the opportunities available.” One potent tool used to finance green projects is…