Green Sukuk, Energy Poverty, and Climate Change: A Roadmap for Sub-Saharan Africa
38 Pages Posted: 19 Dec 2018 Last revised: 20 Dec 2018
Date Written: December 18, 2018
Abstract
The climate change challenge and the growth of the Islamic finance industry, together with the increase in socially responsible investing, could position green sukuk as a key instrument for financing clean energy and resilient infrastructure projects as well as shorter-term energy efficiency projects. Expansion of a green sukuk market could promote environment-friendly projects and improve livelihoods, helping Islamic finance achieve its moral objectives. A roadmap shows how policy makers could create a green sukuk market in Sub-Saharan Africa.
Suggested Citation: Suggested Citation
AASSOULI, Dalal and Asutay, Mehmet and Mohieldin, Mahmoud and Nwokike, Tochukwu Chiara, Green Sukuk, Energy Poverty, and Climate Change: A Roadmap for Sub-Saharan Africa (December 18, 2018). World Bank Policy Research Working Paper No. 8680, Available at SSRN: https://ssrn.com/abstract=3303597
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.