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Does Climate Aid Affect Emissions? Evidence from a Global Dataset

Sambit Bhattacharyya, Maurizio Intartaglia and Andy McKay

No 2016-09, CSAE Working Paper Series from Centre for the Study of African Economies, University of Oxford

Abstract: We perform an empirical audit of the effectiveness of climate aid in tackling CO2 and SO2 emissions. Using a global panel dataset covering up to 131 countries over the period 1961 to 2011 and estimating a parsimonious model using the Anderson and Hsiao estimator we do not find any evidence of a systematic effect of energy related aid on emissions. We also find that the non-effect is not conditional on institutional quality or level of income. Countries located in Europe and Central Asia does better than others in utilising climate aid to reduce CO2 emissions. Our results are robust after controlling for the Environmental Kuznets Curve, country fixed effects, country specific trends, and time varying common shocks.

Keywords: Climate Aid; Emissions; Energy (search for similar items in EconPapers)
JEL-codes: D72 O11 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-ene, nep-env, nep-reg and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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