Why Financial Institutions Are Key to Achieving Net-Zero Goals

In Arab News , BCG’s Shelly Trench and Aytech Pseunokov explain that financial institutions will become the key source of funding for Middle Eastern countries to achieve their energy transition targets. According to a BCG report , the United Arab Emirates still faces a $500 billion funding gap to reach its decarbonization goals, despite already investing $163 billion. A possible solution, Trench says, is to establish carbon prices that adequately reflect the cost of greenhouse gas emissions and international carbon price levels.