Middle East & Africa See Sustainable Finance Progress Ahead of COP28
There is reason for optimism in Middle East and Africa. Regional sustainable finance is growing quickly to spur positive development impact at both company and community levels. By the end of Q3 2023, the Climate Bonds Initiative (Climate Bonds) had recorded cumulative volume of USD4.2tn of green, social, sustainability, and sustainability linked (GSS+) debt in alignment with its screening methodologies (aligned), plus a further USD12.7bn in unscreened bonds bearing the transition label.
