Investing in the Green Revolution

Everyone has a part to play in the ongoing climate emergency gripping the planet, according to the United Nations. At its most recent climate conference, the organisation outlined some of the key challenges we face in tackling this problem, warning it’s ‘now or never’ for sectors to get their plans in place.

We are entering a critical decade in the battle against climate change. Global emissions must be reduced by nearly 43% by 2030 to keep global temperature rises within the 2 degrees Celsius limit. The UN indicates that further reductions could limit temperature rises to just 1.5 degrees Celsius if we treat our climate goals with the seriousness they deserve.

One sector going above and beyond to reduce emissions is the international finance community. Indeed, money talks, and the 'Green Revolution' requires substantial investment to truly make a difference.

Mahmoud Mohieldin, UN Climate Change High-Level Champion for Egypt and Executive Director of the International Monetary Fund, elaborated on his role in helping the UN reach its climate goals.

“As a UN climate champion I propose new ideas focusing on finance and partnerships. We work based on the good practice of disclosure and being transparent in everything we do”

The shift to sustainability has become a sector-wide initiative and banking leaders are spearheading projects that align with the UN’s targets.

In light of the Qatari Government's commitment to invest 75 billion dollars in a more sustainable economy, we spoke to Mohammed Azem Hamad, Chief Risk Officer at Qatar International Islamic Bank, about what this means for his organization.

“If we are talking about sustainability in banking, we are talking about strategic planning and executions of the banking