UAE banks to allocate USD 200 billion to finance "green transition"

UAE banks to allocate USD 200 billion to finance "green transition"
# 04 December 2023 14:44 (UTC +04:00)

Banks of the United Arab Emirates (UAE) will allocate 200 billion dollars to finance the "green transition", Abdul Aziz Al Ghurair, the head of the Banks Association of the UAE, which is hosting the COP28 climate meeting, said this in discussions on the financial topic of the Climate Change Conference , APA reports citing Reuters.

"At this crucial moment, it is my great honor to announce the historic commitment of our commercial and national banks to mobilize more than one trillion dirhams (about US$200 billion) for the 'green transition,'" said Abdul Aziz Al Ghurair, head of the Banks Association.

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