DUBAI, UAE – Participants at a webinar strongly supported governments providing incentives or regulatory frameworks to encourage greater participation in green finance initiatives.
The webinar was organized by Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers.
Held by the chamber’s Center for Responsible Business as part of its new Sustainability Knowledge Series, the online session attracted a total of 216 participants.
The webinar provided valuable insights and guidance aimed at helping companies to access green finance, attract green investment projects, share best practices, and inspire participants to embed sustainability throughout their investment strategies.
The session also addressed several key sustainable finance challenges and explored potential solutions.
The Chamber highlighted the remarkable growth of local and global green finance, as well as the increasing role of the next generation of business leaders in addressing sustainability challenges.
The session provided details about the Center’s upcoming series of programs and events, culminating with hosting the chamber’s Sustainability Week during the final quarter of the year.
Guest speakers representing organizations including Mashreq, EnerTech Holding Company, and Deloitte Middle East discussed the importance of sustainable finance and how the concept has gained momentum over the past two years.
A survey conducted during the webinar revealed that most participants had a general understanding of green finance and faced challenges in accessing green finance to support their sustainability projects.
The results indicated room for improvement in broadening the knowledge and adoption of green finance.
The webinar concluded by presenting several recommendations based on the survey results and discussions during the session.
These include working to raise awareness of green finance within the business community and establishing platforms and initiatives to connect businesses with potential lenders, investors, and financial institutions specializing in sustainable finance.
Participants in the survey also suggested that policymakers should collaborate with financial institutions, businesses, and leading experts in the field to design and implement supportive regulations.