Green finance for green buildings: A systematic review and conceptual foundation
2022
Akomea-Frimpong, Isaac | Kukah, Augustine Senanu | Jin, Xiaohua | Osei-Kyei, Robert | Pariafsai, Fatemeh
Recent world events have put a spotlight on inclusive project financing models that tackle climate change and reduce carbon emissions in the construction and management of buildings. A cardinal example of such models is green finance, an inclusive term that integrates environmental protection and social justice with economic profits in green buildings. This paper probes into the terminology and links the concept of green finance to green buildings. The study utilizes a systematic literature review methodology to analyze and synthesize existing literature. The outcomes of the study show that increased economic returns, clear regulations, and awareness creation drive its acceptance in the built environment. However, as a developing concept, the major challenge is the contradictions of what constitutes green finance for green buildings. The results of this study draw the attention of key stakeholders to develop and merge the two concepts in research and practice to attain ecological balance in the financial market and the built environment.
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