Saudi Arabia unveils green financing framework to drive sustainability

Saudi Arabia unveils green financing framework to drive sustainability

Saudi Arabia’s Ministry of Finance has published the Kingdom’s Green Financing Framework, an important initiative under the Financial Sector Development Program aimed at propelling the country toward its sustainability and net-zero emissions objectives. This strategic move is aligned with the Circular Carbon Economy approach. The framework also highlights the Kingdom’s sustainability efforts to investors and […]Saudi Arabia’s Ministry of Finance has published the Kingdom’s Green Financing Framework, an important initiative under the Financial Sector Development Program aimed at propelling the country toward its sustainability and net-zero emissions objectives.

This strategic move is aligned with the Circular Carbon Economy approach. The framework also highlights the Kingdom’s sustainability efforts to investors and market participants.

According to the ministry, the framework is a major step toward achieving the Saudi Vision 2030 goals for a more sustainable future, starting from policies and investment development to planning and building all kinds of infrastructure.

The Green Financing Framework is also proof of the Kingdom of Saudi Arabia’s regional leadership in sustainable finance and works to catalyze more public and private financing of climate and environment initiatives.

The framework was established following the Kingdom’s October 2021 announcement that it works to achieve net zero emissions by 2060 through the Circular Carbon