The loan was seen as a pledge to move toward sustainable green finance for the majority of the company’s operations. As it currently stands, the green finance sector in the Gulf Cooperation Council has made significant progress within the public sector. Last year, Saudi Crown Prince Mohammed bin Salman announced a new program to strengthen the partnership with the private sector. “Combined with the Kingdom’s renewable energy agenda, the prospective investment of the private sector in green finance will undoubtedly create a boom in green finance,” she said. “Implementing sustainable finance frameworks and setting up the infrastructure required to ESG debt financing is the first step that should be undertaken for green finance to flourish,”said Janjusevic.

Source: Libya Today April 21, 2022 13:12 UTC