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

Asuamah Yeboah, Samuel (2024): Catalysts for Change: Government Incentives Driving Sustainable Construction in Developing Countries.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Tax breaks, subsidies, green bonds, sustainable construction practices, energy efficiency, innovation, affordable housing, economic development, policy integration, capacity building
• Subjects: H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H23 - Externalities ; Redistributive Effects ; Environmental Taxes and Subsidies; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O13 - Agriculture ; Natural Resources ; Energy ; Environment ; Other Primary Products; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; Infrastructure; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q56 - Environment and Development ; Environment and Trade ; Sustainability ; Environmental Accounts and Accounting ; Environmental Equity ; Population Growth; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q58 - Government Policy

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