​Based on the Kingdom of Saudi Arabia's belief in the importance of promoting a better environment for future generations and long term economic prosperity for citizens and residents, the Kingdom has taken upon itself the responsibility of preserving the environment and natural resources and reducing factors may affect them, to ensure a high quality of life for current and future generations, and considering this responsibility as one of the ambitious Saudi Vision 2030 goals.

From this standpoint, and in line with the efforts to achieve the Saudi Vision 2030 goals, the Kingdom has already instigated a comprehensive set of unprecedented reforms in the operating model of the public, economic, and societal sectors in general. In October 2021, the Kingdom also announced its aim to reach Net Zero Carbon emissions by 2060 to achieve its Nationally Determined Contribution of reducing CO2 emissions by 278 million tons annually by 2030 in line with the Paris Climate Agreement.

To enable these directions, the Kingdom recognized the Circular Carbon Economy (CCE) approach, which was endorsed by G20 leaders in November 2020, as a comprehensive framework to guide green projects' investments, as it focuses on enabling the management of emissions while utilizing resources in a sustainable manner, especially its consistent with global green finance principles.

With this commitment and through this approach, the Kingdom will seek many large investments, stemming from both the public and private sectors to finance its climate and environmental initiatives. The Ministry of Finance aims to coordinate these investments while the National Debt Management Center (NDMC), in line with its mandate of securing financing for the government, is responsible for communicating on these investments to fixed income investors through this Green Financing Framework. The Framework is a major step in demonstrating leadership in sustainable finance within the region and to encourage more public and private initiatives towards climate and environmental finance.


• For more information ab​​​out the Green Financing Framework:



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