Authors: Ayman Abdalmajeed Ahmad Al-smadi
The development of renewable energy and energy efficiency is crucial to Jordan’s current and future prosperity and there are substantial opportunities to pursue green growth. Despite the progress which has been made in this regard, there are some financial barriers that face this sector. These barriers concern the lack of familiarity of renewable energy and energy efficiency technologies and practices within banks. The government of Jordan is aware of these financial difficulties and that is why a fund of renewable energy and energy efficiency has been created to provide technical assistance to energy developers and financial institutions in addition to adopting a specific loan guarantee program to tackle the perceived risks that may face the financial institutions and to encourage these institutions to extend more credit facilities to this vital sector.
Comments: 23 Pages. Published in The UNIVERSITY WITHOUT BORDERS Journal of ECONOMICS & BUSINESS; https://universitywithoutborders.wordpress.com
[v1] 2018-07-01 02:46:30
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