Qatar Eyes Debut Green Bond in Latest Gulf Move to Tap ESG Funds - Bloomberg
Qatar’s government is planning to issue its first green bond as one of the world’s largest liquefied natural gas exporters seeks to tap into a booming global market for sustainable debt, people with knowledge of the matter said.
Officials at the Ministry of Finance are in early talks with international banks to potentially raise billions through green bonds, the people said, asking not to be named because they’re not authorized to speak publicly.
The sale is likely to be controversial with investors in environmental, social and governance assets, given Qatar’s gas exports mean it’s among the world’s top carbon emitters on a per capita basis. Borrowers can often cut costs through green bonds, used to fund projects to reduce emissions, though natural gas is frowned upon.
It’s not clear what the money would be spent on. Qatar is yet to hire banks for the plans and a deal could potentially be done via state-owned gas firm Qatar Energy, the people said. Representatives at the Ministry of Finance did not respond to requests for comment.
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