Oman Arab Bank (OAB) has signed a Memorandum of Understanding (MoU) with the First Carbon Investments (FCI) in order to accelerate the deployment of new clean technologies in MENA.
According to the MoU, OAB will explore financing projects identified by FCI to advance the purchase of carbon credits that help accelerate the viability of new green fuels such as hydrogen, ammonia, and biofuels.
In 2024, global commitments to the next wave of green energy sources will exceed $200 billion. FCI has developed a platform to accelerate the viability of new green…
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