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

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

Dalal AASSOULI (Contact Author)

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Mehmet Asutay

Durham Business School ( email )

Mill Hill Lane
Durham, Durham DH1 3LB
United Kingdom

Mahmoud Mohieldin

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Tochukwu Chiara Nwokike

World Bank

1818 H Street, NW
Washington, DC 20433
United States

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