IDEAS home Printed from https://ideas.repec.org/p/nam/befdwp/0109.html
   My bibliography  Save this paper

International Climate Finance to developing countries. Taking stock of the variety of bilateral, private and hybrid financing initiatives

Author

Listed:
  • Emilie Bécault

    (GGS, KU Leuven)

  • Axel Marx

    (GGS, KU Leuven)

Abstract

The main objective of this working paper is to take a preliminary look at how climate finance to developing countries has been developing outside the multilateral realm and at times, even independently from states. To this end, we first provide a review of the core concepts used in the academic and policy discourses on global climate finance, and then proceed by mapping three types of non-multilateral financing initiatives: bilateral, private and hybrid. While we found significant evidence that the non-multilateral realm of climate finance to developing countries is growing both in scope and in diversity, there remains substantial obstacles to properly tracking and monitoring international climate financial flows to developing countries. In addition, our analysis suggests that a central question in current and future UN climate negotiations should be how to better link private finance to public funding institutions and instruments to scale up funding for adaptation activities in developing countries most vulnerable to the effects of climate change.

Suggested Citation

  • Emilie Bécault & Axel Marx, 2015. "International Climate Finance to developing countries. Taking stock of the variety of bilateral, private and hybrid financing initiatives," BeFinD Working Papers 0109, University of Namur, Department of Economics.
    • Handle: RePEc:nam:befdwp:0109
    as

    Download full text from publisher

    File URL: http://www.befind.be/publications/WPs/WP9
    File Function: First version, 2015
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Florini, Ann & Sovacool, Benjamin K., 2009. "Who governs energy? The challenges facing global energy governance," Energy Policy, Elsevier, vol. 37(12), pages 5239-5248, December.
    2. Martin Stadelmann & Axel Michaelowa & J. Timmons Roberts, 2013. "Difficulties in accounting for private finance in international climate policy," Climate Policy, Taylor & Francis Journals, vol. 13(6), pages 718-737, November.
    3. Chung Tran, 2012. "Fiscal Policy as a Temptation Control Device," ANU Working Papers in Economics and Econometrics 2012-595, Australian National University, College of Business and Economics, School of Economics.
    4. Philippe Aghion & Jing Cai & Mathias Dewatripont & Luosha Du & Ann Harrison & Patrick Legros, 2022. "Industrial Policy and Competition," World Scientific Book Chapters, in: Globalization, Firms, and Workers, chapter 15, pages 349-380, World Scientific Publishing Co. Pte. Ltd..
    5. Kean Siang & CH’NG, 2012. "Social comparison in deterrence policy," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 2(1), pages 1-2.
    6. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801.
    7. repec:idb:brikps:78058 is not listed on IDEAS
    8. Barbara Buchner & Jessica Brown & Jan Corfee-Morlot, 2011. "Monitoring and Tracking Long-Term Finance to Support Climate Action," OECD/IEA Climate Change Expert Group Papers 2011/3, OECD Publishing.
    9. Frank Biermann & Man-san Chan & Aysem Mert & Philipp Pattberg, 2007. "Multi-stakeholder Partnerships for Sustainable Development: Does the Promise Hold?," Chapters, in: Pieter Glasbergen & Frank Biermann & Arthur P.J. Mol (ed.), Partnerships, Governance and Sustainable Development, chapter 11, Edward Elgar Publishing.
    10. ., 2012. "Keynes, fiscal policy and planning," Chapters, in: Markets, Planning and the Moral Economy, chapter 12, pages i-ii, Edward Elgar Publishing.
    11. Christa Clapp & Jane Ellis & Julia Benn & Jan Corfee-Morlot, 2012. "Tracking Climate Finance: What and How?," OECD/IEA Climate Change Expert Group Papers 2012/1, OECD Publishing.
    12. Raffaele Della Croce & Christopher Kaminker & Fiona Stewart, 2011. "The Role of Pension Funds in Financing Green Growth Initiatives," OECD Working Papers on Finance, Insurance and Private Pensions 10, OECD Publishing.
    13. Kenneth Abbott & Duncan Snidal, 2010. "International regulation without international government: Improving IO performance through orchestration," The Review of International Organizations, Springer, vol. 5(3), pages 315-344, September.
    14. Girishankar, Navin, 2009. "Innovating development finance - from financing sources to financial solutions," Policy Research Working Paper Series 5111, The World Bank.
    15. Liliana B. Andonova & Michele M. Betsill & Harriet Bulkeley, 2009. "Transnational Climate Governance," Global Environmental Politics, MIT Press, vol. 9(2), pages 52-73, May.
    16. -, 2012. "Policy Brief: Evidence based policy-making in the Caribbean," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38380, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    17. Thomas Hale & Charles Roger, 2014. "Orchestration and transnational climate governance," The Review of International Organizations, Springer, vol. 9(1), pages 59-82, March.
    18. Mendelsohn, Robert & Dinar, Ariel & Williams, Larry, 2006. "The distributional impact of climate change on rich and poor countries," Environment and Development Economics, Cambridge University Press, vol. 11(2), pages 159-178, April.
    19. Hoffmann, Matthew J., 2011. "Climate Governance at the Crossroads: Experimenting with a Global Response after Kyoto," OUP Catalogue, Oxford University Press, number 9780195390087.
    20. Isabel Ortiz & Matthew Cummins, 2012. "When the Global Crisis and Youth Bulge Collide: Double the Jobs Trouble for Youth," Working papers 1202, UNICEF,Division of Policy and Strategy.
    Full references (including those not matched with items on IDEAS)

    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. repec:nam:befdwp:9 is not listed on IDEAS
    2. Lasse Folke Henriksen & Stefano Ponte, 2018. "Public orchestration, social networks, and transnational environmental governance: Lessons from the aviation industry," Regulation & Governance, John Wiley & Sons, vol. 12(1), pages 23-45, March.
    3. Adnan RASHID & Naveed YOUSAF, 2015. "Linkage of financial development with electricity-growth, nexus of India and Pakistan," EuroEconomica, Danubius University of Galati, issue 2(34), pages 151-160, November.
    4. Mehmet BÖLÜKBAÞ, 2016. "The Effects of Economic Policies in Turkey: An Application for the Period After 2000," Journal of Social and Administrative Sciences, KSP Journals, vol. 3(4), pages 315-322, December.
    5. Prasad, Ravita D. & Bansal, R.C. & Raturi, Atul, 2017. "A review of Fiji's energy situation: Challenges and strategies as a small island developing state," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 278-292.
    6. Quirapas, Mary Ann Joy Robles & Lin, Htet & Abundo, Michael Lochinvar Sim & Brahim, Sahara & Santos, Diane, 2015. "Ocean renewable energy in Southeast Asia: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 799-817.
    7. Oliver Westerwinter, 2021. "Transnational public-private governance initiatives in world politics: Introducing a new dataset," The Review of International Organizations, Springer, vol. 16(1), pages 137-174, January.
    8. Kris Bachus, 2015. "Official climate-related development finance in Belgium: Concepts and methodologies," BeFinD Working Papers 0104, University of Namur, Department of Economics.
    9. Christian Downie, 2022. "Steering global energy governance: Who governs and what do they do?," Regulation & Governance, John Wiley & Sons, vol. 16(2), pages 487-499, April.
    10. Harro Asselt & Fariborz Zelli, 2014. "Connect the dots: managing the fragmentation of global climate governance," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 16(2), pages 137-155, April.
    11. repec:nam:befdwp:4 is not listed on IDEAS
    12. Hamish van der Ven, 2015. "Correlates of rigorous and credible transnational governance: A cross‐sectoral analysis of best practice compliance in eco‐labeling," Regulation & Governance, John Wiley & Sons, vol. 9(3), pages 276-293, September.
    13. Achim Hagen & Leonhard Kaehler & Klaus Eisenack, 2016. "Transnational Environmental Agreements with Heterogeneous Actors," Working Papers V-387-16, University of Oldenburg, Department of Economics, revised Jan 2016.
    14. Alejandro Lopez-Feldman, 2013. "Climate change, agriculture, and poverty: A household level analysis for rural Mexico," Economics Bulletin, AccessEcon, vol. 33(2), pages 1126-1139.
    15. Nicolas Taconet & Aurélie Méjean & Céline Guivarch, 2020. "Influence of climate change impacts and mitigation costs on inequality between countries," Climatic Change, Springer, vol. 160(1), pages 15-34, May.
    16. Jens Heidingsfelder & Markus Beckmann, 2020. "A governance puzzle to be solved? A systematic literature review of fragmented sustainability governance," Management Review Quarterly, Springer, vol. 70(3), pages 355-390, August.
    17. Katharina Michaelowa & Axel Michaelowa & Bernhard Reinsberg & Igor Shishlov, 2020. "Do Multilateral Development Bank Trust Funds Allocate Climate Finance Efficiently?," Sustainability, MDPI, vol. 12(14), pages 1-19, July.
    18. Millner, Antony & Dietz, Simon, 2015. "Adaptation to climate change and economic growth in developing countries," Environment and Development Economics, Cambridge University Press, vol. 20(3), pages 380-406, June.
    19. Philipp Pattberg & Johannes Stripple, 2008. "Beyond the public and private divide: remapping transnational climate governance in the 21st century," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 8(4), pages 367-388, December.
    20. Sovacool, Benjamin K. & Van de Graaf, Thijs, 2018. "Building or stumbling blocks? Assessing the performance of polycentric energy and climate governance networks," Energy Policy, Elsevier, vol. 118(C), pages 317-324.
    21. Pickering, Jonathan & Jotzo, Frank & Wood, Peter J., 2015. "Splitting the difference: can limited coordination achieve a fair distribution of the global climate financing effort?," Working Papers 249508, Australian National University, Centre for Climate Economics & Policy.
    22. Agbemabiese, Lawrence & Nyangon, Joseph & Lee, Jae-Seung & Byrne, John, 2018. "Enhancing Climate Finance Readiness: A Review of Selected Investment Frameworks as Tools of Multilevel Governance," MPRA Paper 91488, University Library of Munich, Germany.

    More about this item

    Keywords

    climate finance; climate flows; climate change; public-private partnerships; climate-related development aid; climate financing initiatives;
    All these keywords.

    JEL classification:

    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:nam:befdwp:0109. 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: François-Xavier Ledru (email available below). General contact details of provider: https://edirc.repec.org/data/fsfunbe.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.