Green Financing Mechanism’s impact on the Growth of Renewable Energy and Smart Infrastructure in Sultanate of Oman

Abstract

The study aims examined the green finance mechanisms effect on renewable energy growth, through analyzing the mediating role of Omani smart infrastructure. The study narrowed research gap through linking the three variables together in transitional economies. Oman is considered as a unique case because of its modern legislative environment, which mentioned in the "Sustainability Finance Framework," and within "Vision 2040." The study used a descriptive analytical approach, distributing a Likert scale questionnaire to a purposive sample of 120 experts in the energy and finance sectors, with reliability and validity tests. The significant of study is considered as a benchmark model illustrating how green finance contributes to the digitalization of electricity grids to improve the efficiency of solar and wind energy. The study’s results found that there is a statistically significant positive relationship between the availability of green finance tools and the development of smart infrastructure, which accelerates the achievement of net-zero carbon neutrality goals.