Environmental and Climate Finance in a New World: How Past Environmental Aid Allocation Impacts Future Climate Aid

Christopher Marcoux, Bradley C. Parks, Christian M. Peratsakis, Timmons Roberts and Michael J. Tierney

No wp-2013-128, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: In this paper we update previous work that categorizes foreign aid projects in terms of their likely impact on the natural environment. We then document trends in the global distribution of environmental aid over time and show that environmental aid has increasingly focused on global environmental issues (especially climate change), rather than local issues in recipient countries. Somewhat surprisingly, we also find that environmental aid is increasingly allocated through bilateral aid agencies rather than through the increasing number of multilateral channels created for this purpose.

Keywords: Climate change; Cost effectiveness; Economic assistance and foreign aid; Environment and economic development; Economic development projects; Globalization; International agencies; Natural disasters (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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