Financing the green transition

A profound shift is underway across all sectors of the Middle East's economy. To achieve lower emissions, net zero and climate resilience, there is an urgent need for massive-scale investments across sectors to finance the energy transition.

Financial services are critical in facilitating the transition to a sustainable net zero future. And sustainable finance is key to channelling, diverting and mobilising financial flows toward cleaner, greener alternatives.

The rise of sustainable finance signifies a shift toward a greener, more socially inclusive growth model, aligning with global environmental and social objectives and a transformative shift in economic priorities.

The Middle East’s reliance on fossil fuels presents challenges to achieving net zero emissions. However, it also offers substantial opportunities, given the scale and significant efforts needed to transition from fossil fuels to sustainable energy sources.

A system-wide transformation is required to drive the innovative sustainable finance solutions needed to support the diversification of carbon-intensive economies in the region. Decarbonisation will create new opportunities across renewable energy and green technology. These investments are not just financial commitments but crucial steps toward  a more sustainable, prosperous future, aligning with the Sustainable Development Goals and national net zero commitments.

How can we help you?

At PwC Middle East, we collaborate with financial institutions to develop sustainability and net zero strategies, transforming their operating models to favour sustainable finance. We also work with governments, regulatory bodies, and industry associations to create an ecosystem that facilitates the supply and consumption of sustainable finance. Additionally, we assist the development finance sector in refining strategies and risk management frameworks to channel funds and capital flows to sectors that need it.

We understand the sustainability and net zero goals of our financial services clients and their need to embed sustainable practices throughout their organisations. As thought leaders, we work closely with governments and regulators on policy making and partner with global standard-setting organisations. This broad perspective enables us to grasp the financial services sector's needs and provide valuable insights for transformation projects.