- Last month, Saudi Arabia’s Public Investment Fund (PIF) issued green bonds — a financial instrument used to raise funds for environmentally friendly projects — for the first time.
- At a time when Saudi Arabia is trying to improve its image on the world stage, and make itself a more attractive option for foreign investors, Siddique questions why they would potentially undermine this by engaging in greenwashing.
- It is also clear that Saudi Arabia will need to make the terms of its green bonds more stringent, both to ensure that the funds are used meaningfully to help transition to a green future, and that investors can be confident enough in the bonds’ reliability to dedicate further funds.
<span>Saudi Arabia offers green bonds in push toward net zero</span>
