This refers to a long-term debt financial instrument aimed at financing green projects, initiatives, or interventions which offer investors regular income payments.
Published in Chapter:
Green Financing Strategies Adopted in Zimbabwe Towards Attainment of Sustainable Development Goals
Copyright: © 2023
|Pages: 27
DOI: 10.4018/978-1-6684-8361-9.ch003
Abstract
The issue of green financing has increasingly become more relevant in the 21st century. Accordingly, scholars, researchers, and policymakers are now interested in how green finance can accelerate the attainment of the Sustainable Development Goals (SDGs) across the world. Surprisingly, there is scant evidence in the development mainstream literature that addresses the issues of green financing strategies, particularly in African countries. This study established eight green financing strategies that have been employed in Zimbabwe towards attaining SDGs, namely the national climate change fund strategy, IDBZ climate finance facility strategy, domestic public finance strategy, domestic private finance, public-private partnerships (PPPs) financing strategy, foreign investment strategy, and development finance strategy. These results can help the Zimbabwean government, NGOs, financial institutions, and society at large as well as educators and researchers.