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The Impact of Green Financing In Advancing Renewable Energy and Smart Infrastructure in Oman

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  • Dr. Mohammed Jahangir Ali

    (Associate Professor, Accounting and Finance -Â Department of Business Administration and Accounting, Al Buraimi University College, Al Buraimi - Sultanate of Oman)

Abstract

This research paper explores the critical role of green financing in fostering the growth of renewable energy and the development of smart infrastructure in Oman. As the Sultanate strives to diversify its economy and reduce its carbon footprint in alignment with Vision 2040 and international sustainability commitments, green finance has emerged as a strategic tool for funding environmentally friendly and technologically advanced projects. The study examines the mechanisms of green bonds, green loans, and public-private partnerships and evaluates their influence on renewable energy projects such as solar and wind farms, as well as smart infrastructure initiatives including energy-efficient buildings and intelligent transportation systems. Using a mixed-method approach that combines qualitative insights from expert interviews and quantitative analysis of green investment trends, the research highlights the progress, challenges, and policy implications of green financing in the Omani context. The findings suggest that while green finance has significantly contributed to advancing sustainability goals, further regulatory reforms, financial innovation, and capacity-building are essential to unlock its full potential in Oman.

Suggested Citation

  • Dr. Mohammed Jahangir Ali, 2025. "The Impact of Green Financing In Advancing Renewable Energy and Smart Infrastructure in Oman," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(9), pages 8574-8593, September.
    • Handle: RePEc:bcp:journl:v:9:y:2025:issue-9:p:8574-8593
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    References listed on IDEAS

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    1. Alharbi, Samar S. & Al Mamun, Md & Boubaker, Sabri & Rizvi, Syed Kumail Abbas, 2023. "Green finance and renewable energy: A worldwide evidence," Energy Economics, Elsevier, vol. 118(C).
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