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- “Our projects are now filtered through the prism of climate-friendliness”
“Our projects are now filtered through the prism of climate-friendliness”
Muhammad Al Jasser, Chairman of the Islamic Development Bank Group, on climate goals
OFQ: How is the IsDB supporting its member countries to achieve their climate goals?
Muhammad Al Jasser: First, we’re supporting our member countries as an integral part of the development process, because climate issues are not independent or separate from basic development issues. Nonetheless, we have pledged that 35 percent of all our lending will be climate-friendly by 2025. Second, with the Arab Coordination Group last year we committed to providing US$24 billion to help finance climate-friendly projects. The Islamic Development Bank alone contributed US$13 billion of those US$24 billion.
All our projects are now filtered through the prism of climate-friendliness. We’re not going to stop the development of our countries, but we are going to enhance the climate-friendliness of our projects.
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