The United Arab Emirates (UAE), with its robust commitment to a sustainable and green economic future, stands as an exemplary case in the evolving narrative of “green banking”. Amidst global environmental and societal concerns, particularly climate change, the banking sector worldwide is pivoting towards practices that merge financial processes with ecological responsibility. This transition, often dubbed as “green banking”, not only unlocks innovative business opportunities but also necessitates a broader regulatory oversight by central banking entities. Essential to green banking’s core is its alignment with Sustainable Development Goals (SDGs), integrating environmental considerations into fundamental banking services like investments and lending. As stakeholders globally embrace these eco-friendly strategies, the UAE’s banking sector presents an insightful examination of both the drivers and impediments that influence the course of green banking. This paper delves deep into the nuances of the UAE’s green banking framework, offering a comprehensive understanding of its underpinnings.
Case – Reference no. 123-0100-5
Authors: Mateev, Miroslav; Nair, Kiran; Mishra, Mahima
Published by: Abu Dhabi School of Management
Published in: 2023
Length: 12 pages
Topics: Finance
