Multilateral climate change financing in the developing world: challenges and opportunities for Africa

Shingirai Mugambiwa and Motshidisi Kwakwa
Additional contact information
Shingirai Mugambiwa: Research Associate, Department of Social Work, University of Limpopo, P Bag X1106, SOVENGA, 0727, South Africa
Motshidisi Kwakwa: Lecturer, Department of Social Work, University of Limpopo, P Bag X1106, SOVENGA, 0727, South Africa

International Journal of Research in Business and Social Science (2147-4478), 2022, vol. 11, issue 9, 306-312

Abstract: The Paris Agreement has highlighted the worldwide significance of adaptation. Many investors are considering the effects of climate change and resource scarcity when making decisions. Even while the whole amount of the environmental harm caused by climate change is yet unknown, recent scientific evidence is more frightening, and many governments are taking substantial measures to avert a calamity. The financial innovations and mechanisms created to ease the transition to a low-carbon economy will have far-reaching effects on markets, firms, intermediaries, and investors. Although economists have been working on the subject for decades, financial-economics professionals have only recently become interested in climate change. There has been a growing body of empirical and theoretical contributions in recent years that analyse the influence of climate risks on investment decisions for firms, financial intermediaries, and national governments, as well as the pricing and hedging of climate change risks. This study seeks to establish the role of multilateral climate change financing in the developing world vis-Ã -vis challenges and opportunities for Africa. Five determinants of the multilateral climate fund were established and they are namely; Reduction of Greenhouse gas emissions, Enabling Environments, Poverty and development linkages, Private investment and Public climate finance. Key Words:Adaptation, Climate change, Climate financing, Paris Agreement

Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ssbfnet.com/ojs/index.php/ijrbs/article/view/2085/1584 (application/pdf)
https://doi.org/10.20525/ijrbs.v11i9.2085 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rbs:ijbrss:v:11:y:2022:i:9:p:306-312

Access Statistics for this article

International Journal of Research in Business and Social Science (2147-4478) is currently edited by Prof.Dr.Umit Hacioglu

More articles in International Journal of Research in Business and Social Science (2147-4478) from Center for the Strategic Studies in Business and Finance Editorial Office,Baris Mah. Enver Adakan Cd. No: 5/8, Beylikduzu, Istanbul, Turkey. Contact information at EDIRC.
Bibliographic data for series maintained by Umit Hacioglu ().