Climate Policy Evolution and Development of Carbon Finance

Collins C. Ngwakwe ()
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Collins C. Ngwakwe: University of Limpopo

EuroEconomica, 2018, issue 1(37), 54-61

Abstract: This paper presents an evaluation of the linkage between climate policy evolution and development of carbon finance. The paper is very necessary for climate risk governance and control since it highlights empirically the fundamental role of climate finance as a foremost tool of action by climate advocacy institutions to curb global climate change risks to promote sustainable economic development. The major objective of the paper was to examine whether climate policy affects the development of climate finance. The paper adopted a quantitative approach by using two different analysis namely the OLS linear regression model and the Granger Causality tests, at an alpha (?) of 0.05. Research data were from the World Bank Carbon Finance Unit and from the United Nations Framework Convention on Climate Change archives.

Keywords: climate risk; climate change; climate finance; carbon finance (search for similar items in EconPapers)
Date: 2018
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