Research Journal of Finance and Accounting
The Role of Green Financing for Renewable Energy Projects in Reducing Jordan's Debt
Abstract
Energy is the main driver of various economic sectors. Scientific and technological developments in the sources of power generation have a significant impact on the Jordanian economy, especially renewable energy projects. The sources of energy generation cost a large amount of foreign currencies, and it is generating great pressure on the balance of payments and Jordan's debt. Jordan is characterized by the diversity of renewable energy sources; the expansion of green finance is an important component in the increase of renewable energy projects. When a high rate of renewable energy to energy production in Jordan. it leads to a reduction in the import of fossil fuels, reduces the Jordanian debt, and the Jordanian energy security is achieved.
Keywords: Green Finance, Renewable Energy, Jordanian Debt
DOI: 10.7176/RJFA/12-22-07
Publication date: November 30th 2021
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ISSN (Paper)2222-1697 ISSN (Online)2222-2847
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