Opening the floodgates for climate resilience & mitigation finance in Islamic markets

One outcome of the recent Islamic Development Bank meetings was the announcement of the first of what could become a flood of ‘reprogramming’ requests by member countries in response to accelerating climate change impactsReprogramming funding towards resilience and mitigation will help make the Islamic Development Bank a more important green sukuk issuerIf the IsDB can accelerate green finance capabilities in member countries, it will help financial institutions & investors to more easily identify and act on responsible finance opportunities

The growing incidence of climate change is having a significant impact on the sustainable economic, social and environmental development of Islamic economies. In response, member countries of the Islamic Development Bank may...