The UAE can become the clean energy finance capital of the world, according to Dr Nasser Saidi, former chief economist of the Dubai International Financial Centre (DIFC), and chairman of the Clean Energy Business Council (CEBC).
Saidi said that UAE’s capital markets could “own the clean energy finance space” and in doing so, demonstrate global leadership in impact investments.
“The long term economic returns on social investments that fundamentally shift the urban paradigm are enormous,” he said, speaking ahead of the Clean Energy Project Financing MENA conference in Dubai, presented by National Bank of Abu Dhabi (NBAD).
“We are rapidly entering a new economic age – a post carbon era, one in which the financial winners and losers may be separated by those who boldly pursue a first mover position in the solutions that support long term sustainable development, and those who stand by and observe.”
Courtesy: The Arabian Business