Debrah, C., Chan, A. P. C., Darko, A., Owusu-Manu, D.-G., & Ohene, E. (2024). Green Finance. In Rethinking Pathways to a Sustainable Built Environment (pp. 277–302). Routledge. https://doi.org/10.1201/9781003317890-18
Abstract
Green building is an “unheralded hero” in the global emissions fight. Its business case has raised demand from several stakeholders. It is seen as a multitrillion-dollar business opportunity of the next decade, leading to increased green finance (GF) investment for green building. GF is accepted as a tool to finance climate change mitigation and adaptation actions, including buildings and construction. To promote GF for green building, collaboration efforts between governments, businesses, investors, and the public are key. This chapter presents the evolution of GF for green building, an overview of the implementation and its potentials, with a focus on the role of stakeholders, policies, regulations, and incentives. Typologies of GF for green building and some examples of success stories are discussed. Other related issues such as green standards, green certifications, and green indices are examined. This chapter facilitates a systematic and comprehensive understanding of the subject. Overall, it summarises the development of GF in this field and the consequent impact on climate action.