Why Islamic finance could provide an ethical model for funding the green transition | The-14

Islamic finance offers an ethical, asset-based model to fund the green transition, reducing greenwashing and linking capital to real climate impact.

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"Pakistan’s government can potentially raise as much as Rs4 trillion ($14.3 billion) a year in climate resilience funding through the issuance of green and infrastructure sukuk, a senior member of the finance ministry’s advisory team said on Friday, adding the move may help the country transition toward an interest-free financial system."

https://www.arabnews.com/node/2624322/amp
#sukuk #GreenSukuk

This is potentially a path to climate finance that doesn't break countries by the burden of debt repayments.

#GreatDepression2024-6:
According to the news, @federalreserve #USTreasuryBonds (aka "debentures") are trading at (a catastrophic) 49 cents on the #USD. How may this situation impact:-
@federalreserve credibility?
@ecb steps to solve the #GermanRecession?
@un "#GreenSukuk" plans?