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

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

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

• Working Paper Type: Working Paper
• 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