USD40bln in retail investor capital could be mobilised to combat climate change in the UAE

USD40bln in retail investor capital could be mobilised to combat climate change in the UAE

93% of investors in the UAE are interested in climate investing

Making a positive impact and personal values are the top investor motivations

Dubai: Standard Chartered’s latest Sustainable Banking Report 2023 reveals USD40 billion of retail investor capital could be mobilised towards climate investments in the UAE by 2030.

The research – based on investor interest from a survey of 1,800 respondents in 10 growth markets across Asia, Africa and the Middle East – identifies a global potential of USD3.4 trillion for climate investing, highlighting the power of individuals to combat climate change.

Within climate investing in the UAE, USD23 billion could flow into mitigation themes – energy storage, energy efficiency and renewables are set to attract the most capital. USD17 billion could be mobilised towards adaptation including resilient infrastructure, food systems and the blue economy.

The survey shows 93% of investors in the UAE are interested in climate investing, and 87% of them want to increase capital flows towards climate. They are mainly motivated by making a positive impact and personal values when making such investments.

However, multiple barriers, which vary by investor segments, are holding them back from translating their interest into investment.

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