$40bln in UAE retail investor capital could be mobilised against climate change – report

Approximately $40 billion of retail investor capital could be mobilised towards climate investments in the UAE by 2030, according to the findings of a new study by Standard Chartered.

The Sustainable Banking Report 2023 further identified a global potential of $3.4 trillion for climate investing, based on investor interest in 10 growth markets across Asia, Africa, and the Middle East.

Within climate investing in the UAE, $23 billion could flow into mitigation – energy storage, energy efficiency and renewables are set to attract the most capital. Another $17 billion could be mobilised towards adaptation including resilient infrastructure, food systems and the blue economy, the report stated.

The research further showed 93% of investors in the UAE are interested in climate investing, and 87% of them want to increase capital flows towards climate.

Source: Zawya