IDEAS home Printed from https://ideas.repec.org/p/ris/eibpap/2010_007.html
   My bibliography  Save this paper

Financing greener and climate-resilient infrastructure in developing countries - challenges and opportunities

Author

Listed:
  • Marianne Fay

    (The World Bank)

  • Atsushi Iimi

    (The World Bank)

  • Baptiste Perrissin-Fabert

    (The World Bank)

Abstract

Developing countries are faced with a substantial and persistent infrastructure deficit. Climate change complicates this challenge, affcting the way we design and manage infrastructure (defined here as transport, power, water and sanitation) and increasing costs. But all s not negative: Climate change affects both the economic and financial analysis of infrastructure projects in a way that could help achieve long-pursued but elusive goals, such as better maintenance and greener, more efficient design. Further, climate finance could bring additional financing, although that will require increasing the scale of available resources and addressing the fact that climate finance tends to provide ex post financing, ill-suited to a sector characterized by a need for substantial ex ante funding.

Suggested Citation

  • Marianne Fay & Atsushi Iimi & Baptiste Perrissin-Fabert, 2010. "Financing greener and climate-resilient infrastructure in developing countries - challenges and opportunities," EIB Papers 7/2010, European Investment Bank, Economics Department.
    • Handle: RePEc:ris:eibpap:2010_007
    as

    Download full text from publisher

    File URL: http://www.eib.org/attachments/efs/eibpapers/eibpapers_2010_v15_n02_en.pdf#page=36
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gundlach, Erich & Wößmann, Ludger, 2001. "Better schools for Europe," Munich Reprints in Economics 20433, University of Munich, Department of Economics.
    2. Willem H. Buiter & Clemens Grafe, 2002. "Anchor, float or abandon ship: exchange rate regimes for the accession countries," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 55(221), pages 111-142.
    3. Katharina Gassner & Alexander Popov & Nataliya Pushak, 2009. "Does Private Sector Participation Improve Performance in Electricity and Water Distribution?," World Bank Publications - Books, The World Bank Group, number 6605, April.
    4. Burda, Michael C, 1998. "The Consequences of EU Enlargement for Central and Eastern European Labour Markets," CEPR Discussion Papers 1881, C.E.P.R. Discussion Papers.
    5. repec:hal:spmain:info:hdl:2441/9343 is not listed on IDEAS
    6. Timo Valila & Aaron Mehrotra, 2005. "Evolution And Determinants Of Public Investment In Europe," Economic and Financial Reports 2005/1, European Investment Bank, Economics Department.
    7. Yannis M. Ioannides & George Petrakos, 2000. "Regional Disparities in Greece and the Performance of Crete, Peloponnese and Thessaly," Discussion Papers Series, Department of Economics, Tufts University 0008, Department of Economics, Tufts University.
    8. Philippe Martin, 1999. "Are European regional policies delivering?," Post-Print hal-01011168, HAL.
    9. Fidrmuc, Jan, 2001. "Democracy in transition economies: Grease or sand in the wheels of growth?," ZEI Working Papers B 09-2001, University of Bonn, ZEI - Center for European Integration Studies.
    10. Federico Galizia, 2004. "Systemic Credit Risk In The Presence Of Concentration," Economic and Financial Reports 2004/1, European Investment Bank, Economics Department.
    11. Eric Peree & Armin Riess, 2003. "The transformation of finance in Europe:introduction and overview," EIB Papers 1/2003, European Investment Bank, Economics Department.
    12. Luisa Ferreira & Patrick Vanhoudt, 2002. "Catching The Celtic Tiger By Its Tail," Economic and Financial Reports 2002/1, European Investment Bank, Economics Department.
    13. Dermot O'Brien & Rien Wagenvoort, 2000. "Some Empirical Findings On The Characteristics Of Cost-Efficient Credit Institutions," Economic and Financial Reports 2000/1, European Investment Bank, Economics Department.
    14. ?gel de la Fuente, "undated". "Convergence Across Countries And Regions: Theory And Empirics," UFAE and IAE Working Papers 447.00, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    15. De Grauwe, Paul, 1996. "How to Fix Conversion Rates at the Start of EMU," CEPR Discussion Papers 1530, C.E.P.R. Discussion Papers.
    16. Alfred Steinherr & Ali Tukel & Murat Ucer, 2004. "The Turkish Banking Sector, Challenges and Outlook in Transition to EU Membership," Bruges European Economic Policy Briefings 9, European Economic Studies Department, College of Europe.
    17. Briceno-Garmendia, Cecilia & Estache, Antonio & Shafik, Nemat, 2004. "Infrastructure services in developing countries : access, quality, costs and policy reform," Policy Research Working Paper Series 3468, The World Bank.
    18. repec:spo:wpmain:info:hdl:2441/9343 is not listed on IDEAS
    19. Alfred Steinherr & Ali Tukel & Murat Ucer, 2004. "The Turkish Banking Sector - Challenges And Outlook In Transition To Eu Membership," Economic and Financial Reports 2004/2, European Investment Bank, Economics Department.
    20. Alessandro Rossi & Francesca Canpolongo & Guido Bichisao, 2002. "Hedge Accounting Within Ias 39," Economic and Financial Reports 2002/2, European Investment Bank, Economics Department.
    21. Oecd, 2009. "Employment and Social Protection," OECD Journal on Development, OECD Publishing, vol. 9(4), pages 7-54.
    22. Rien Wagenvoort, 2003. "BANK SURVEY EVIDENCE ON "BANK LENDING TO SMEs IN THE EUROPEAN UNION"," Economic and Financial Reports 2003/1, European Investment Bank, Economics Department.
    23. Christopher Hurst & Kristian Uppenberg, 2000. "Investment Issues In South-Eastern Europe," Economic and Financial Reports 2000/2, European Investment Bank, Economics Department.
    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. Ruiz Nunez,Fernanda & Wei,Zichao, 2015. "Infrastructure investment demands in emerging markets and developing economies," Policy Research Working Paper Series 7414, The World Bank.
    2. Giordano, Thierry, 2012. "Adaptive planning for climate resilient long-lived infrastructures," Utilities Policy, Elsevier, vol. 23(C), pages 80-89.
    3. Grégoire Garsous, 2011. "On Clean Technology Diffusion Mechanisms," Working Papers ECARES ECARES 2011-013, ULB -- Universite Libre de Bruxelles.
    4. Taylor, Michael A.P. & Philp, Michelle L., 2015. "Investigating the impact of maintenance regimes on the design life of road pavements in a changing climate and the implications for transport policy," Transport Policy, Elsevier, vol. 41(C), pages 117-135.

    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. Antonio Estache, 2010. "Infrastructure finance in developing countries: An overview," EIB Papers 8/2010, European Investment Bank, Economics Department.
    2. James Stewart, 2010. "The UK National Infrastructure Plan 2010," EIB Papers 6/2010, European Investment Bank, Economics Department.
    3. Dieter Helm, 2010. "Infrastructure and infrastructure finance: The role of the government and the private sector in the current world," EIB Papers 5/2010, European Investment Bank, Economics Department.
    4. Eduardo Engel & Ronald Fischer & Alexander Galetovic, 2010. "The economics of infrastructure finance: Public-private partnerships versus public provision," Documentos de Trabajo 276, Centro de Economía Aplicada, Universidad de Chile.
    5. Florian Bitsch & Axel Buchner & Christoph Kaserer, 2010. "Risk, return and cash flow characteristics of infrastructure fund investments," EIB Papers 4/2010, European Investment Bank, Economics Department.
    6. Georg Inderst, 2010. "Infrastructure as an asset class," EIB Papers 3/2010, European Investment Bank, Economics Department.
    7. Rien Wagenvoort & Carlo de Nicola & Andreas Kappeler, 2010. "Infrastructure finance in Europe: Composition, evolution and crisis impact," EIB Papers 1/2010, European Investment Bank, Economics Department.
    8. Ayla Ogus & Niloufer Sohrabji, 2008. "On the optimality and sustainability of Turkey’s current account," Empirical Economics, Springer, vol. 35(3), pages 543-568, November.
    9. Baum, Christopher F. & Caglayan, Mustafa & Talavera, Oleksandr, 2010. "Parliamentary election cycles and the Turkish banking sector," Journal of Banking & Finance, Elsevier, vol. 34(11), pages 2709-2719, November.
    10. Aysan, Ahmet Faruk & Ceyhan, Şanli Pinar, 2008. "What determines the banking sector performance in globalized financial markets? The case of Turkey," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 387(7), pages 1593-1602.
    11. Vasily Astrov & Josef Pöschl & Hermine Vidovic & Julia Wörz, 2005. "Turkey: Macroeconomic Vulnerability, Competitiveness and the Labour Market," wiiw Country Profile 21, The Vienna Institute for International Economic Studies, wiiw.
    12. Fukuyama, Hirofumi & Matousek, Roman, 2011. "Efficiency of Turkish banking: Two-stage network system. Variable returns to scale model," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 21(1), pages 75-91, February.
    13. repec:rnp:ecopol:09310 is not listed on IDEAS
    14. Aysan, Ahmet Faruk & Ceyhan, Sanli Pinar, 2007. "Market Disciplining Role of Crisis on the Restructuring of the Turkish Banking Sector," MPRA Paper 5492, University Library of Munich, Germany.
    15. Sami Ben Naceur & Magda Kandil, 2013. "Has the Basel Capital Requirement Caused Credit Crunch in the Mena Region?," Middle East Development Journal, Taylor & Francis Journals, vol. 5(2), pages 1350014-131, January.
    16. Aysan, Ahmet Faruk & Ertek, Gurdal & Ozturk, Secil, 2009. "Assessing the adverse effects of interbank funds on bank efficiency through using semiparametric and nonparametric methods," MPRA Paper 38113, University Library of Munich, Germany.
    17. Aykut Kibritcioglu, 2007. "The Labour Market Implications of Large-Scale Restructuring in the Banking Sector in Turkey," Economics Bulletin, AccessEcon, vol. 28(4), pages 1.
    18. Aysan, Ahmet Faruk & Ceyhan, Sanli Pinar, 2008. "Structural Change and the Efficiency of Banking In Turkey: Does Ownership Matter?," MPRA Paper 17849, University Library of Munich, Germany.
    19. Rodríguez-Pose, Andrés & Fratesi, Ugo, 2002. "Unbalanced development strategies and the lack of regional convergence in the EU," ERSA conference papers ersa02p415, European Regional Science Association.
    20. Iveta Repková & Daniel Stavárek, 2014. "Concentration and Competition in the Banking Sector of Turkey," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 16(36), pages 625-625, May.
    21. Selçuk Caner & Süheyla Özyıldırım & A. Ungan, 2012. "How Sensitive Are Bank Managers to Shareholder Value?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 42(3), pages 187-205, December.

    More about this item

    Keywords

    Infrastructure finance; Developing countries; Climate change; Adaptation; Mitigation; Inertia; Uncer;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

    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:ris:eibpap:2010_007. 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: Polyxeni Kanelliadou (email available below). General contact details of provider: https://edirc.repec.org/data/ceeiblu.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.