The UAE district cooling company Tabreed has put together a ‘Green Financing Framework’ that will help with taking on projects that will be built and operate on sustainable practices. Tabreed will issue ‘green’ bonds and take on loans that will only be used for the funding of eligible ‘green projects’.
These projects will thus optimise energy efficiency as well as reduce waste. “We are convinced this will align our operations with the UN’s and UAE’s sustainable development goals,” said Adel Salem Al Wahedi, Tabreed’s Chief Financial Officer