Accelerating Climate Finance for Saudi Arabia’s Net Zero Ambitions: Green Financing Frameworks

As part of the global climate agenda, the Kingdom of Saudi Arabia (KSA) is committed to achieving net zero greenhouse gas (GHG) emissions by 2060 through the Circular Carbon Economy (CEE) approach. To achieve this goal, the Kingdom aims to involve private investors more and advance its financial sector, fostering economic diversification and growth in line with Vision 2030 (Saudi Vision 2030 2018). The Kingdom has already announced several giant projects involving various clean technologies, including renewable energy, energy efficiency, clean hydrogen, natural capital development, and carbon management technologies, which amount to hundreds of billions of dollars in investment.

27th June 2024