At the inaugural DSIG Conference, experts emphasized the transformative potential of green investment and sustainable finance in the GCC. They called for removing barriers to green finance and highlighted opportunities to significantly boost GDP and create jobs by increasing investment in green projects and improving recycling rates.
The conference underscored the urgent need for GCC governments to open capital markets to tap into sustainable finance, aiming to drive economic diversification and environmental sustainability.
1. Economic Potential
Green investment and sustainable finance in the GCC could contribute up to $2 trillion to GDP by 2030, driving economic growth and diversification.
2. Job Creation
Raising recycling rates to 40% in the GCC could generate 50,000 new jobs and support a $6 billion market.
3. Sustainable Development Goals
Meeting the UN SDGs requires a global investment of $4.2 trillion annually, with the financial assets industry poised to support this with its $379 trillion value.
4. Global Investment Growth
By the end of 2022, global sustainable asset investments reached $30.3 trillion, with non-US markets experiencing 20% growth.
5. Strategic Recommendations
Experts urge GCC governments to enhance capital markets, promote green finance, and develop transparent environmental reporting to attract sustainable investments.
6. UAE Leadership
The UAE leads the region in sustainable finance, with initiatives like Masdar City and the issuance of green bonds, setting a benchmark for regional sustainability efforts.