IDEAS home Printed from https://ideas.repec.org/a/unt/jnapdj/v22y2015i2p71-102.html
   My bibliography  Save this article

Climate finance in the Asia-Pacific region: trends and innovative approaches

Author

Listed:
  • Ilaria Carrozza

    (PhD candidate in International Relations, The London School of Economics and Political Science (LSE), United Kingdom)

Abstract

Asia and the Pacific1 is one of the most disaster-prone regions and the possibility that climate change may exacerbate the frequency and severity of extreme weather events is a real threat to progress made towards achieving sustainable development. To secure sustainable development gains and build resilience in the region, there is an urgent need to undertake climate mitigation and adaptation action. Despite an estimated $391 billion in climate finance flows internationally in 2014, the gap between available climate finance and the financing required to limit global warming to two degrees Celsius and adapt to unavoidable impacts of climate change is growing. The present paper offers an overview of the climate finance landscape with a focus on the Asia-Pacific region, and of finance flows from international climate funds, multilateral development banks and subregional and national climate finance initiatives. The ultimate goal of the discussion is to provide policymakers in the region with an understanding of the state of climate finance and recommendations on approaches for mobilizing climate finance in the light of global efforts, regional trends and successful initiatives.

Suggested Citation

  • Ilaria Carrozza, 2015. "Climate finance in the Asia-Pacific region: trends and innovative approaches," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 22(2), pages 71-102, December.
    • Handle: RePEc:unt:jnapdj:v:22:y:2015:i:2:p:71-102
    as

    Download full text from publisher

    File URL: http://www.unescap.org/sites/default/files/Paper%203-Carrozza.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Yang Gu & James McCalley & Ming Ni & Rui Bo, 2013. "Economic Modeling of Compressed Air Energy Storage," Energies, MDPI, vol. 6(4), pages 1-21, April.
    2. Stopa, Justin E. & Filipot, Jean-François & Li, Ning & Cheung, Kwok Fai & Chen, Yi-Leng & Vega, Luis, 2013. "Wave energy resources along the Hawaiian Island chain," Renewable Energy, Elsevier, vol. 55(C), pages 305-321.
    3. Li, J.S. & Chen, G.Q., 2013. "Energy and greenhouse gas emissions review for Macao," Renewable and Sustainable Energy Reviews, Elsevier, vol. 22(C), pages 23-32.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jale Samuwai & Jeremy Maxwell Hills, 2018. "Assessing Climate Finance Readiness in the Asia-Pacific Region," Sustainability, MDPI, vol. 10(4), pages 1-18, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kessides, Ioannis N., 2014. "Powering Africa׳s sustainable development: The potential role of nuclear energy," Energy Policy, Elsevier, vol. 74(S1), pages 57-70.
    2. Browne, Oliver & Poletti, Stephen & Young, David, 2015. "How does market power affect the impact of large scale wind investment in 'energy only' wholesale electricity markets?," Energy Policy, Elsevier, vol. 87(C), pages 17-27.
    3. Kisel, Einari & Hamburg, Arvi & Härm, Mihkel & Leppiman, Ando & Ots, Märt, 2016. "Concept for Energy Security Matrix," Energy Policy, Elsevier, vol. 95(C), pages 1-9.
    4. Luo, Xing & Wang, Jihong & Dooner, Mark & Clarke, Jonathan, 2015. "Overview of current development in electrical energy storage technologies and the application potential in power system operation," Applied Energy, Elsevier, vol. 137(C), pages 511-536.
    5. Ahn, Seongho & Haas, Kevin A. & Neary, Vincent S., 2019. "Wave energy resource classification system for US coastal waters," Renewable and Sustainable Energy Reviews, Elsevier, vol. 104(C), pages 54-68.
    6. Seongho Ahn & Kevin A. Haas & Vincent S. Neary, 2020. "Dominant Wave Energy Systems and Conditional Wave Resource Characterization for Coastal Waters of the United States," Energies, MDPI, vol. 13(12), pages 1-26, June.
    7. Wang, Zhifeng & Dong, Sheng & Li, Xue & Guedes Soares, C., 2016. "Assessments of wave energy in the Bohai Sea, China," Renewable Energy, Elsevier, vol. 90(C), pages 145-156.
    8. Li, Xue & Lin, Cong & Wang, Yang & Zhao, Lingying & Duan, Na & Wu, Xudong, 2015. "Analysis of rural household energy consumption and renewable energy systems in Zhangziying town of Beijing," Ecological Modelling, Elsevier, vol. 318(C), pages 184-193.
    9. Xia, X.H. & Hu, Y. & Chen, G.Q. & Alsaedi, A. & Hayat, T. & Wu, X.D., 2015. "Vertical specialization, global trade and energy consumption for an urban economy: A value added export perspective for Beijing," Ecological Modelling, Elsevier, vol. 318(C), pages 49-58.
    10. Yanjuan Yu & Hongkun Chen & Lei Chen, 2018. "Comparative Study of Electric Energy Storages and Thermal Energy Auxiliaries for Improving Wind Power Integration in the Cogeneration System," Energies, MDPI, vol. 11(2), pages 1-16, January.
    11. Soomere, Tarmo & Eelsalu, Maris, 2014. "On the wave energy potential along the eastern Baltic Sea coast," Renewable Energy, Elsevier, vol. 71(C), pages 221-233.
    12. Tiffany Cheng-Han Leung & Robin Stanley Snell, 2021. "Strategies for Social and Environmental Disclosure: The Case of Multinational Gambling Companies," Journal of Business Ethics, Springer, vol. 168(3), pages 447-467, January.
    13. Carvalho, D. & Rocha, A. & Gómez-Gesteira, M. & Silva Santos, C., 2017. "Offshore winds and wind energy production estimates derived from ASCAT, OSCAT, numerical weather prediction models and buoys – A comparative study for the Iberian Peninsula Atlantic coast," Renewable Energy, Elsevier, vol. 102(PB), pages 433-444.
    14. Xue, Ruoyu & Wang, Shanshan & Long, Wenqi & Gao, Gengyu & Liu, Donghui & Zhang, Ruiqin, 2021. "Uncovering GHG emission characteristics of industrial parks in Central China via emission inventory and cluster analysis," Energy Policy, Elsevier, vol. 151(C).
    15. Fabien Muhirwa & Lei Shen & Ayman Elshkaki & Kgosietsile Velempini & Hubert Hirwa & Shuai Zhong & Aderiana Mutheu Mbandi, 2021. "Decoupling Energy, Water, and Food Resources Production from GHG Emissions: A Footprint Perspective Review of Africa from 1990 to 2017," Energies, MDPI, vol. 14(19), pages 1-20, October.
    16. Egidijus Kasiulis & Jens Peter Kofoed & Arvydas Povilaitis & Algirdas Radzevičius, 2017. "Spatial Distribution of the Baltic Sea Near-Shore Wave Power Potential along the Coast of Klaipėda, Lithuania," Energies, MDPI, vol. 10(12), pages 1-18, December.
    17. Appendini, Christian M. & Urbano-Latorre, Claudia P. & Figueroa, Bernardo & Dagua-Paz, Claudia J. & Torres-Freyermuth, Alec & Salles, Paulo, 2015. "Wave energy potential assessment in the Caribbean Low Level Jet using wave hindcast information," Applied Energy, Elsevier, vol. 137(C), pages 375-384.
    18. Mousavi-Avval, Seyed Hashem & Rafiee, Shahin & Sharifi, Mohammad & Hosseinpour, Soleiman & Shah, Ajay, 2017. "Combined application of Life Cycle Assessment and Adaptive Neuro-Fuzzy Inference System for modeling energy and environmental emissions of oilseed production," Renewable and Sustainable Energy Reviews, Elsevier, vol. 78(C), pages 807-820.
    19. Zhang, Yan & Li, Juan & Fath, Brian D. & Zheng, Hongmei & Xia, Linlin, 2015. "Analysis of urban carbon metabolic processes and a description of sectoral characteristics: A case study of Beijing," Ecological Modelling, Elsevier, vol. 316(C), pages 144-154.
    20. Lee, Taedong & Glick, Mark B. & Lee, Jae-Hyup, 2020. "Island energy transition: Assessing Hawaii's multi-level, policy-driven approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 118(C).

    More about this item

    Keywords

    Asia-Pacific; climate change; climate finance; mitigation; adaptation;
    All these keywords.

    JEL classification:

    • F39 - International Economics - - International Finance - - - Other
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:unt:jnapdj:v:22:y:2015:i:2:p:71-102. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Macroeconomic Policy and Development Division, ESCAP (email available below). General contact details of provider: https://edirc.repec.org/data/escapth.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.