Catalysts for Change: Government Incentives Driving Sustainable Construction in Developing Countries

Samuel Asuamah Yeboah

MPRA Paper from University Library of Munich, Germany

Abstract: This review examines the pivotal role of government incentives-tax breaks, subsidies, and green bonds- in advancing sustainable construction practices within developing countries. Tax incentives encourage investment in energy-efficient technologies, stimulate innovation, and enhance market competitiveness for eco-friendly buildings. Subsidies provide crucial financial support, making sustainable building materials and practices accessible, particularly in affordable housing initiatives and underserved regions. Green bonds facilitate capital for large-scale sustainable projects, fostering market confidence and scaling up green building technologies. Effective policy integration ensures alignment with national sustainability goals, supported by continuous monitoring and capacity building. This review explores how these incentives collectively promote sustainable development and resilience in the construction sector of developing economies.

Keywords: Tax breaks; subsidies; green bonds; sustainable construction practices; energy efficiency; innovation; affordable housing; economic development; policy integration; capacity building (search for similar items in EconPapers)
JEL-codes: H23 O13 O18 Q56 Q58 (search for similar items in EconPapers)
Date: 2024-08-18, Revised 2024-09-29
New Economics Papers: this item is included in nep-ene, nep-env and nep-ppm
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