The Significance of Green Sukuk for Sustainable Development in Türkiye and Policy Recommendations

Green sukuk plays a vital role in helping Türkiye to achieve its sustainable development goals, reducing energy dependence, and addressing the climate crisis. In countries where Islamic finance is growing, green sukuk has emerged as a key tool in long-term plans for sustainable finance. Effective collaboration among regulatory authorities, financial institutions, and investors is crucial for green sukuk to serve as a potent instrument in Türkiye . With Türkiye's increasing need for diverse financial instruments to realize sustainable development objectives and sustain economic growth while considering environmental and social impacts, green sukuk holds significant promise.   This report offers insights and policy recommendations to ensure that green sukuk becomes an effective tool in Türkiye for combating climate change, fostering economic development, and advancing Türkiye's ambition of becoming a hub for participation finance.