Climate Risk Assessment in UAE Utilities Finance
The way the United Arab Emirates funds its water and electricity projects is changing fast. Before, climate change was seen as a minor issue for the future. Today, it is a main part of how banks and investors decide where to put their money. Because the UAE is very hot and depends on energy to turn seawater into drinking water, any change in the weather can hurt the value of these expensive systems. In the UAE, nearly 80% of electricity consumption is driven by buildings, with cooling alone accounting for 70% of that total. This high demand makes the financial … Continue reading