Green bonds are fixed-income financial instruments that are used to finance initiatives that benefit the environment and/or the climate.
The total debt issuances in the GCC region have topped $105 billion since 2019, however, only 5% were green bonds, according to Bloomberg data presented at the Qatar Financial Market forum.
The data shows foreign money is eyeing more green investments, with 3 % of total GCC bonds issued in 2020, 2021,…
