Minister Al Kuwari stresses need to scale up climate finance for resilient growth

Doha, Qatar - Finance Minister Ali bin Ahmed Al Kuwari emphasized the critical need to expand climate finance to foster resilient and sustainable growth during a seminar at the 2026 Asian Infrastructure Investment Bank (AIIB) Annual Meeting.

The minister spoke on scaling up climate finance and translating policy reforms into robust investments that enhance growth. He stressed that effective climate finance requires governments to establish necessary policy frameworks, development institutions should assume risks that the private sector cannot currently bear, and banks and bond markets must connect projects with long-term financing sources.

Minister Al Kuwari highlighted Qatar's commitment to a sustainable economy, citing investments in renewable energy, emissions reduction, and green finance initiatives. He pointed to Qatar Energy's ambitious solar and blue ammonia projects, as well as the country's role as both an investor and host of the AIIB meeting.

Qatar's efforts in renewable energy expansion and clean energy platforms worldwide were also highlighted, including collaborations in the Americas, Colombia, Spain, and the issuance of its first sovereign green bond in 2024. These actions demonstrate that climate finance is most effective when governments lay the policy groundwork, institutions assume risks, and financial markets connect projects to long-term savings.