The effect of Climate Finance on Greenhouse Gas Emission: A Quantile Regression Approach

Yıl 2017, Cilt: 7 Sayı: 1, 185 - 199, 01.03.2017

Alfonso Carfora Monica Ronghi Giuseppe Scandurra

Öz

Climate finance plays a primary role in international climate change agreements. It is a way to involve flows of funds from developed to developing countries that aims to help poorer countries shift toward low-emission, climate-resilient development pathways. In this paper, we study the flow of funds intended to promote energy generation and supply and biosphere protection in order to identify preferential channels in “Fast-start finance” distribution. We analyze the flow of funds among countries and the relationship between climate finance and a composite indicators that summarize and rank the greenhouse gas emissions by using a quantile regression model. Our results revealed a strong heterogeneity in the way the funds are being allocated by donors and show that close attention should be paid to the analysis of political contexts

Anahtar Kelimeler

climate funds, composite indicator, developing countries