Publication:
The potential of Islamic finance in green energy project financing
Abstract
From the start of 21st century, there has been rapidly increasing awareness of the environmental impact of people’s way of life and usage of resources. This impact arises from overconsumption, pollution, destruction of natural resources which result in emission of greenhouse gases, and permanent destruction that mankind cause to the planet. As the awareness of the serious and far-reaching consequences of climate change continues to grow, communities are looking for solutions to slow down, halt, and mitigate these effects. The renewable energy projects emerge as winning proposition against the current climate and environmental concerns which are the consequence of unsustainable economic activities. This study aims to exhibit great potential of Islamic finance in providing instruments for renewable energy projects. It explains and compares the financial structures used in both conventional finance and Islamic finance for green energy investments, resulting that Islamic finance has plenteous numbers of instruments for financing these projects. The research finds that Islamic finance, compared to its conventional counterpart offers better structures for renewable energy projects thanks to its asset based nature.
Keywords
Islamic finance , Renewable energy , Project finance , Turkey , Project paper (MSc)
Citation
Yungucu, B. (2017). The potential of Islamic finance in green energy project financing (Master dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/2638
Publisher
INCEIF
Available in physical copy (Call number: t HG 3368 A6 Y95) and PDF format. Kindly email to kmc@inceif.org to access the item