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Green Financial Development and Inclusive Growth

In: Climate Change in Africa

Author

Listed:
  • Joseph Nmiyine Abor

    (University of Ghana Business School)

  • Daniel Ofori-Sasu

    (University of Ghana Business School)

Abstract

This chapter explores the nexus between green financial development and inclusive growth in the context of a rapidly evolving global sustainability agenda. It critically examines how green finance through instruments such as green bonds, sustainable loans, and climate funds can serve as a catalyst for economic empowerment, job creation, financial inclusion, and environmental resilience. Drawing on global policy documents and country case studies, the chapter analyzes the institutional mechanisms and regulatory frameworks that support or hinder the inclusive impact of green financial instruments. It further highlights key challenges, including regulatory fragmentation, greenwashing, and unequal access to climate finance in the Global South. The chapter argues that while green finance holds transformative potential, its inclusive outcomes depend heavily on context-specific policies, robust institutional governance, and deliberate alignment with the Sustainable Development Goals (SDGs). Recommendations are offered to enhance policy coherence, strengthen institutional capacity, and ensure that green financial flows are both environmentally sustainable and socially equitable.

Suggested Citation

  • Joseph Nmiyine Abor & Daniel Ofori-Sasu, 2026. "Green Financial Development and Inclusive Growth," Advances in African Economic, Social and Political Development, in: Mohammed Amidu & Albert Ahenkan & Edward Asiedu (ed.), Climate Change in Africa, pages 435-462, Springer.
    • Handle: RePEc:spr:aaechp:978-3-032-15259-6_16
    DOI: 10.1007/978-3-032-15259-6_16
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