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Climate mitigation finance across developing countries: what are the major determinants?

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  • Aidy Halimanjaya

Abstract

This empirical study assesses the relationship between the characteristics of developing countries and the amount of official climate mitigation finance inflow. A two-part model and robustness checks were used to analyse 1998-2010 Rio Marker data on 180 developing countries. The results show that developing countries with higher CO 2 intensity, larger carbon sinks, lower per capita gross domestic product (GDP) and good governance tend to be selected as recipients of climate mitigation finance, and receive more of it. CO 2 emission is not used as a determinant of mitigation finance until the actual financial disbursement. Poverty aid tends to be allocated to countries with low CO 2 emissions, possibly to avoid diverting aid from poorer developing countries. However, such a diversion is unavoidable if the share of mitigation finance in climate finance and in overall official development assistance (ODA) continues to escalate. This study calls for an equitable allocation of total ODA mitigation and adaptation finance in addition to the 0.7% ODA/gross national income target, and for transparent criteria and the verification of reporting on the allocation of mitigation finance.

Suggested Citation

  • Aidy Halimanjaya, 2015. "Climate mitigation finance across developing countries: what are the major determinants?," Climate Policy, Taylor & Francis Journals, vol. 15(2), pages 223-252, March.
  • Handle: RePEc:taf:tcpoxx:v:15:y:2015:i:2:p:223-252
    DOI: 10.1080/14693062.2014.912978
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    File URL: http://hdl.handle.net/10.1080/14693062.2014.912978
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    References listed on IDEAS

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    1. Todd M. Johnson & Claudio Alatorre & Zayra Romo & Feng Liu, 2010. "Low-Carbon Development for Mexico," World Bank Publications, The World Bank, number 2398, July.
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    Cited by:

    1. Fankhauser, Samuel & Jotzo, Frank, 2017. "Economic growth and development with low-carbon energy," LSE Research Online Documents on Economics 86850, London School of Economics and Political Science, LSE Library.
    2. repec:gam:jsusta:v:10:y:2018:i:4:p:1192-:d:141179 is not listed on IDEAS
    3. Jonathan Pickering & Carola Betzold & Jakob Skovgaard, 2017. "Special issue: managing fragmentation and complexity in the emerging system of international climate finance," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 17(1), pages 1-16, February.
    4. repec:eee:wdevel:v:117:y:2019:i:c:p:72-97 is not listed on IDEAS
    5. J. Timmons Roberts & Romain Weikmans, 2017. "Postface: fragmentation, failing trust and enduring tensions over what counts as climate finance," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 17(1), pages 129-137, February.

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