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Jakarta Post

Insight: Green sukuk for the future

Jakarta   /   Wed, April 4, 2018   /  08:58 am
Insight: Green sukuk for the future The Green Sukuk is a means of aligning government funding with its commitment to the low-carbon transition, channeling funding to projects in renewable energy, energy efficiency, sustainable transport, waste management, conservation and other environmental priorities.  (Shutterstock/File)

Historically, conventional wisdom states economic growth objectives are incompatible with environmental goals. However, in recent years, we have realized that if left unaddressed, economic growth that is not followed by environmental sustainability will have a negative impact on society. 

We have witnessed the unprecedented and increasing threat of global warming. Rising temperatures that have resulted in climate change have already had a direct impact on Earth, such as rising sea levels, changing patterns of rainfall and evaporation, which potentially leads to flooding and drought in different places. 

Without taking significant steps to counter the situation, by 2100, based on the projections of the Intergovernmental Panel on Climate Change, the average global surface temperature will increase by 4.5 degrees Celcius and sea levels will rise by 95...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.