In a significant move to accelerate its transition to a low-carbon economy, Oman, represented by the Environment Authority, has launched the National Climate Finance Platform. The initiative, announced at the 11th World Green Economy Summit in Dubai, is designed to attract and channel global investments into green and low-carbon projects, propelling the Sultanate towards its goal of achieving net-zero carbon neutrality by 2050.
Mobilizing Green Capital
The National Climate Finance Platform will act as a central mechanism to mobilize investments for sustainable environmental projects that support adaptation to climate change. This strategic initiative marks Oman’s shift from climate planning to active implementation, as highlighted by Suleiman Nasser al Akhzami, Deputy Chairman of the Environment Authority. The platform is a core component of a comprehensive national program aimed at achieving net-zero emissions through mitigation and adaptation projects across multiple sectors, reinforcing the country’s pledge to reduce greenhouse gas emissions by 21% by 2030.
Aligning with Vision 2040
Oman’s climate ambitions are intricately linked with its long-term economic strategy, Vision 2040. The push towards a green economy is set to bolster economic diversification by strengthening emerging sectors such as renewable energy, sustainable tourism, and green logistics. To further this agenda, the Sultanate has introduced incentives like the ten-year Golden Residency Programme, launched this year to attract international investors and innovators to its growing green-tech ecosystem.
Landmark Green Initiatives
The platform builds on several of Oman’s landmark clean energy and conservation projects. A key initiative is the historic agreement to establish the world’s first global commercial liquid hydrogen corridor based in Duqm, a project poised to solidify the Sultanate’s position as a regional and international clean energy hub. In parallel, Oman is demonstrating leadership in ecosystem restoration through the mangrove and wetland restoration initiative at Bar al Hikman Reserve. This critical wetland, home to over half a million migratory birds, plays a vital role in carbon absorption and biodiversity conservation.
Fostering International Collaboration
Recognizing the importance of global cooperation, Oman is actively pursuing regional and international partnerships to advance clean energy technologies, build national expertise, and promote data sharing. Key partners in these efforts include the GAGE Group and the World Green Economy Organization. As Oman prepares for COP30, it aims to further align its national strategies with global emission-reduction targets, underscoring that innovation and international collaboration are central to building a green, resilient future.
About The National Climate Finance Platform
The National Climate Finance Platform is an Omani government initiative managed by the Environment Authority. Its primary objective is to serve as a centralized body to attract, mobilize, and direct global and local investments towards green, low-carbon, and climate-resilient projects. The platform aims to accelerate Oman’s progress towards its 2050 net-zero target and support the economic diversification goals outlined in Vision 2040.
Source: Zawya
