TAILORING GREEN FINANCE FOR SUSTAINABLE GREEN BUILDINGS IN NIGERIA

Abstract

This study x-rayed green finance for sustainable green buildings in Nigeria. Green building is one such concept that has been introduced to reduce these environmental burdens of buildings over their life cycle. Green buildings have higher commercial value compared to traditional buildings, due to the perceived low carbon emissions, energy savings, and maximized economic benefits throughout the life cycle. The study adopted a systematic literature review methods to analyze and synthesize existing literature. The theory underpinning this study hinged on the stakeholder theory. Green finance embraces long-term investment principles that lead to environmental benefits, propels innovations in green industrial technologies, thereby causing improvements in energy consumption and its accompanying benefits. Green financing is still a significant issue impeding sustainable green development, notwithstanding the encouraging tales of green buildings. Achieving the objectives of sustainable development requires green funding. Sustainable finance may contribute to the development of a more sustainable and just future for all by offering the capital required to engage in renewable energy, green infrastructure, and other sustainable projects. It is thus advised that industry stakeholders be made more aware of the significance of green financing and how it contributes to the accomplishment of sustainable development objectives. Publications, conferences, and instructional seminars can all help achieve this. Additionally, if the project is a green building, the government might return some of the advantages, like tax breaks, to the developers and customers.