INVESTMENT MIGRATION, A MECHANISM FOR SUSTAINABLE DEVELOPMENT - HENLEY & PARTNERS

KUALA LUMPUR, Nov 28 (Bernama) -- Henley & Partners has seen a significant uptick in interest from both private clients and governments in investment migration programmes as an effective mechanism to improve their resilience to the impacts of climate change and mitigate other sustainability risks.

Besides phasing out fossil fuels, the other two core themes for the upcoming United Nations Climate Change Conference (UNFCCC) COP28 in Dubai, United Arab Emirates (UAE), are building climate-resilient societies and investing in climate solutions.

In its inaugural Henley Wealth and Sustainability Report, the international residence and citizenship advisory firm highlights how investment migration can assist in addressing both these significant global challenges.

Henley & Partners Chief Executive Officer, Dr Juerg Steffen said several countries were already channelling programme inflows into projects to boost their countries’ climate resilience for the benefit of their citizens.

“Grenada, for instance, has strengthened its resilience against natural disasters by offering investors citizenship in exchange for a contribution to the country’s National Transformation Fund, which supports a range of industries including alternative energy.

“A non-refundable contribution to Antigua and Barbuda’s National Development Fund is another example of how a country is driving its transition to renewable energy through citizenship by investment,” he said in a statement.

The innovative study analyses over 150 data points across five key sustainability and wealth parameters including population density and carbon dioxide emissions per capita, achievement of the UN’s Sustainable Development Goals (SDGs), and unique wealth tier and wealth per capita data from global wealth intelligence firm New World Wealth.

The report focuses on the Group of Seven (G7) nations, BRICS member states, including the six new countries that will join the bloc in January 2024, namely, Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE, as well as a selection of 19 countries that host investment migration programmes.

The G7 brings together seven of the world’s most advanced industrial economies in the Global North, while the new BRICS plus six configuration represents major emerging economies in the Global South.

-- BERNAMA