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Green Sukuk, Energy Poverty, and Climate Change: A Roadmap for Sub-Saharan Africa

Aassouli, Dalal; Asutay, Mehmet; Mohieldin, Mahmoud; Nwokike, Tochukwu Chiara

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Authors

Dalal Aassouli

Mahmoud Mohieldin

Tochukwu Chiara Nwokike



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.

Citation

Aassouli, D., Asutay, M., Mohieldin, M., & Nwokike, T. C. (2018). Green Sukuk, Energy Poverty, and Climate Change: A Roadmap for Sub-Saharan Africa

Online Publication Date Dec 18, 2018
Publication Date Dec 18, 2018
Deposit Date Jan 11, 2019
Publicly Available Date Jan 16, 2019
Series Title World Bank Policy Research Working Papers
Public URL https://durham-repository.worktribe.com/output/1169256
Publisher URL https://openknowledge.worldbank.org/handle/10986/31082

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