Ecological Impact Fund: Greening the Global South

Thomas Pogge
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Thomas Pogge: Yale University

Chapter Chapter 15 in Wellbeing, Values and Lifestyles, 2025, pp 167-180 from Springer

Abstract: Abstract The Ecological Impact Fund (EIF) is a proposed new international financing facility that would enable originators of green innovations to exchange—in the lower-income countries—their monopoly markups for impact rewards. Each year, the EIF would split a preannounced disbursement among participating innovations according to the ecological impact achieved with them in the EIF-Zone. Replacing the headwind of monopoly markups with a tailwind of performance payments, the EIF would give originators a financial interest in the wide and effective use of their registered innovations and stimulate development of additional greenovations that—tailored to needs, cultures, circumstances, and preferences in the EIF-Zone—would be especially impactful there. These two effects would produce a third: the EIF would help build capacities to develop, manufacture, distribute, install, operate, and maintain green technologies in the EIF-Zone.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-4730-6_15

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DOI: 10.1007/978-981-97-4730-6_15

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