Business Chief ME+AFRICA Magazine November 2023 | Page 92

ESG | GREEN FINANCE

WITH A US $ 30 + TRILLION MARKET FOR GREEN FINANCE , THE POSSIBILITIES ARE ENDLESS

Jose Maria Ortiz co-CEO and Head of Impact Investing , The Palladium Group the advantage that more innovative competitors will have by using that cheaper green capital .”
And there is plenty of that green capital around – growing more than 100 times in the last decade , according to Bashir .
“ Global borrowing by issuing green bonds and loans , and equity funding through initial public offerings targeting green projects , swelled to US $ 540.6 billion in 2021 from US $ 5.2 billion in 2012 ,” he adds . 92 November 2023