The Minister of Environment in the caretaker government, Nasser Yassin, stated, "We announced today at the climate conference in Dubai the establishment of a green investment facility for Lebanon, which the Ministry of Environment has worked on in collaboration with the United Nations Development Programme and our partners over the past year. The facility will aim to encourage and attract green investments and those related to climate action."
He continued in a statement, "The facility will operate independently in cooperation with the Economic Empowerment Fund in Lebanon and will be registered in Europe to ensure compliance with European financial standards, as well as governance and transparency standards. It will work to increase investments in climate-friendly projects such as renewable energy, sustainable transportation, solid waste management, agriculture, and irrigation by directing private investments and enhancing mixed financing mechanisms such as concessional loans, guarantees, and grants provided by international financial institutions, development banks, and climate finance funds."
He concluded, "The establishment of this facility is the beginning of the transition towards a green economy and towards less polluting sectors."
