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

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.

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Citation

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

Green Sukuk, Energy Poverty, and Climate Change : A Roadmap for Sub-Saharan Africa (English). Policy Research working paper,no. WPS 8680 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/595861545145005026/Green-Sukuk-Energy-Poverty-and-Climate-Change-A-Roadmap-for-Sub-Saharan-Africa