The Boston Consulting Group

Green and sustainable debt issuance has been growing rapidly in the Middle East, despite the comparative lack of regulation of green financial instruments. In 2021, the total issuance of green and sustainability-linked debt in the region increased more than four times compared to 2020. In these early stages of the climate transition, there is a critical need for patient, high-risk capital for investments in sectors whose paths to decarbonization are dependent on technologies that are still in the early stages of development, such as iron and steel, heavy road transport ...