Seminar on 'green financing in Morocco' on Monday

Muscat: The Capital Market Authority (CMA) will organise a seminar on the Moroccan experience in green sustainable financing on Monday, March 21 at the Oman Chamber of Commerce and Industry.

The seminar comes within the Sultanate of Oman represented by the Capital Market Authority’s preparations for regulating such types of financing products based on enhancing the concept of a green economy which is one of the pivots of Oman Vision 2040 as the introduction of such types of financing products reflects the ability of the capital market in playing a greater role in building a stable and prosperous economy given the principle of responsibility and accountability.

The Moroccan Capital Market Authority will present a paper on the regulatory frameworks for the regulation of green financing, the green market and its contribution in directing the investments toward economic activities that strike balance between the economic, environmental and social objects to improve the welfare of human beings and to limit the global challenges such as climate change.

It is worth noting that global green financing witnessed rapid growth during the past decade in light of the creation of financing instruments such as green bonds, green loans, green investment funds, green insurance and green Sukuk issued recently.