Climate Finance Working Group
Financing for Clean Energy is not well developed in the MENA region, with the exception of financing for utility scale renewable energy projects. Most organizations that develop clean energy projects of small to medium scale are suffering from the lack of appropriate financing tools on the market, leading to very complex and slow growth of these typical projects. This is typically the case for solar rooftop, waste to energy and energy efficiency projects.
The Green Sukuk/Finance Working Group aims to lobby various financial and governmental organizations in the MENA region to educate them on the market needs and to get them to take action to facilitate and create access to financing. The Working Group will focus on the preparation of white papers and policy recommendations to be published and presented to the relevant organizations. The Working Group defines its geographical focus priorities in the MENA region.
Working Group Members
President, Gulf Bond & Sukuk Association
Director Project Finance & Acquisitions, ACWA Power
Partner, Latham & Watkins