A Catalyst for Change: Building Resilient Economies in MENAT

The MENAT region is staring down a $200 billion climate finance gap, but sustainable growth isn’t out of reach. With the Net Zero Catalyst Programme by C3 and HSBC, there’s a promising model emerging—one that blends public-private partnerships, innovation, and resilience to drive a low-carbon future. This programme shows that with the right support, collaboration, and targeted action, similar models can inspire change worldwide.

In today’s climate reality, the stakes are high, and every step counts. That’s where the Net Zero Catalyst Programme from C3 (Companies Creating Change) and HSBC comes into play, setting a new standard for sustainable development in the MENAT region. The programme is more than just an initiative—it’s a blueprint for how the region can overcome both environmental and financial challenges to reach ambitious Net Zero targets.

Facing the $200 Billion Climate Finance Gap

The MENAT region, which includes rapidly growing economies, is projected to face a daunting $200 billion climate finance gap by 2030, as highlighted by the Climate Policy Initiative (CPI). Without a change, this shortfall could stall progress on key sustainability goals.

But there’s momentum: countries like Saudi Arabia and the UAE have committed to Net Zero targets by 2060 and 2050, respectively. These targets are backed by sweeping initiatives like the UAE’s $163 billion renewable energy push and Saudi Arabia’s Green Middle East plan.

Despite these bold plans, challenges are real. Roughly 90% of the region’s energy currently comes from fossil fuels. Yet there’s room for optimism—projects like Morocco’s Noor Ouarzazate solar plant and Saudi Arabia’s ambitious NEOM city and initiatives like Net Zero Catalyst Programme show that impactful change is within reach.

Building Sustainable Growth

The Net Zero Catalyst Programme is about more than funding. Here’s what the Catalyst Programme brings to the table:

Guided Expertise: Leaders in the industry help startups tackle the unique challenges of scaling sustainable businesses.
Strategic Networking: Startups are connected to essential stakeholders, helping them navigate regulatory landscapes and attract partnerships.
Customised Growth Strategies: Every company receives a tailored plan, aligned with their growth and sustainability goals.

Kevin Holliday, Managing Director at C3, points out that startups often struggle with limited funding and complex regulatory hurdles. Together with HSBC, C3 has supported over 140 ventures to date, including innovators like Desert Control, Hydro Wind, and ONE MOTO—each bringing new solutions to the climate challenge.

Why This Programme Can Be a Global Template

The Catalyst Programme offers a model that could guide emerging markets around the world:

Public-Private Partnerships: Bringing together businesses, governments, and NGOs maximises resources and impact.
Innovation Focus: By supporting R&D and innovative startups, the programme accelerates progress toward a low-carbon economy.
Resilience Building: Long-term adaptation strategies are essential to meet climate risks head-on.
Data-Driven Decisions: Evidence-based approaches lead to more effective policies and outcomes.
Inclusive Development: Expanding access to sustainable solutions ensures that vulnerable communities aren’t left behind.

Looking Toward a Sustainable Tomorrow

Through its support of sustainable entrepreneurs, the Net Zero Catalyst Programme is helping to pave the way for a more climate-resilient future in the MENAT region. This kind of collaboration is essential for meeting global climate goals and serves as a reminder that partnerships, innovation, and adaptability can drive lasting change.

With more initiatives like this, we can envision a world where sustainability is woven into the fabric of every economy—proof that collective action can truly shape a better, more resilient tomorrow.