Development Assistance and Climate Finance

Channing Arndt

No wp-2015-029, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The distinction between development assistance and climate finance is driven by an optic of compensation largely derived from the 'polluter pays' principle. For practical as well as conceptual reasons, this principle provides a weak basis for climate finance. The distinction also cuts against the need to holistically consider developmental, adaptation, and mitigation policies and naturally focuses on government-to-government flows despite the manifest need to catalyse non-official sources of finance.

Keywords: Economic assistance and foreign aid; Global warming; Climate change (search for similar items in EconPapers)
Date: 2015
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