This website use cookies and similar technologies to improve the site and to provide customised content and advertising. By using this site, you agree to this use. To learn more, including how to change your cookie settings, please view our Cookie Policy
Pocketmags Digital Magazines
Pocketmags Digital Magazines
   You are currently viewing the Australia version of the site.
Would you like to switch to your local site?
Digital Subscriptions > > Abu Dhabi bank to provide US$10 billion of finance for renewables

Abu Dhabi bank to provide US$10 billion of finance for renewables


The National Bank of Abu Dhabi has made a US$10 billion, 10-year pledge to finance renewable energy and other sustainable business activities. The bank will lend, invest and facilitate US$10 billion of financing in environmentally sustainable projects in the West-East corridor, which stretches from Africa, through the Middle East to Asia. Last year the bank published a report with Cambridge University and consultancy PwC, Financing the Future of Energy, which identified a US$48 trillion funding gap over the next 20 years to meet global energy demand. “We believe that even in the current climate of low oil prices, the transition towards more renewable sources in the energy mix will continue because the underlying drivers are longterm and strong,” said Alex Thursby, CEO of the National Bank of Abu Dhabi.

Purchase options below
Find the complete article and many more in this issue of -
If you own the issue, Login to read the full article now.

Other Articles in this Issue