Fitch Ratings reports that the UAE holds a 19% share of the global sustainable bonds market. The agency believes COP28 will be instrumental in raising awareness about sustainability issues in the region, steering investments towards environmentally responsible practices. Bashar Al Natoor, Global Head of Islamic Finance at Fitch Ratings, is optimistic about COP28’s potential to boost sustainable bond issuance. He notes the substantial growth of ESG bonds in the UAE, reaching $6.4bn by Q3 2023, a 41% increase from the previous quarter.
