The effect of Climate Finance on Greenhouse Gas Emission: A Quantile Regression Approach
Alfonso Carfora (),
Monica Ronghi and
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Monica Ronghi: Department of Management Studies and Quantitative Methods, University of Naples “Parthenope,” Via Generale Parisi, 13 Naples, Italy
Giuseppe Scandurra: Department of Management Studies and Quantitative Methods, University of Naples “Parthenope,” Via Generale Parisi, 13 Naples, Italy
International Journal of Energy Economics and Policy, 2017, vol. 7, issue 1, 185-199
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.
Keywords: Climate Funds; Composite Indicator; Developing Countries (search for similar items in EconPapers)
JEL-codes: C31 Q48 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2017-01-20
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