Rebalancing climate finance
Analysing multilateral development banks' allocation practices
Bibliographic Data
| ID | 13066738 |
|---|---|
| Authors | Lina Xie (0000-0002-6346-0608, University of Groningen), Ben Scholten (0000-0001-5774-5191, University of St Andrews, corresponding author), Swarnodeep Homroy (0000-0002-1140-9114, University of Groningen) |
| Year | 2023 |
| Volume | 101 |
| Pages | 103127-103127 |
| Publication date | 2023-05-25 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Energy Research & Social Science (JOURNAL) |
| Journal identifiers | ISSN: 2214-6296 • E-ISSN: 2214-6326 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.erss.2023.103127 |
| OpenAlex | W4378189057 |
| Language | EN |
| Citations received | 8 |
| References cited | 35 |
This paper provides novel evidence on the climate financing practices of Multilateral Development Banks (MDBs) and their long-term social and climate consequences. We find that the majority of MDB climate finance is for mitigation projects, concentrated in a few relatively wealthy countries, and positively correlates with countries' greenhouse gas emissions but not with their vulnerability to climate risks. A transition towards a more equal allocation between mitigation and adaptation can substantially reduce global climate vulnerability for an additional 1.9 billion people without significant changes in the annualized growth rate of emissions. Our results contribute to the discussion on global equity in climate finance allocation and the societal impact of climate change
Business · Climate change · Climate change mitigation · Climate Finance · Climate justice · Economics · Environmental resource management · Equity (law · Global warming · Greenhouse gas · Natural resource economics · Political science · Vulnerability (computing · Climate Change Policy and Economics · Energy, Environment, Economic Growth · Fiscal Policy and Economic Growth · Ecology · Finance
Financing a sustainable future
The Multilateral Development Banks and Rural Climate Finance
Just Energy Transition Partnerships
From Climate Finance to Sustainable Development
Determinants of access to climate finance
International climate and biodiversity funding
Bridging the adaptation-finance gap
Does climate finance enhance mitigation ambitions of recipient countries
Beyond market failures
Do investors care about carbon risk?
Measuring the efficiency of decision making units
The benefits of climate tech
Accelerating the speed and scale of climate finance in the post-pandemic context
Are investors aware of climate-related transition risks? Evidence from mutual fund flows
Financing renewable energy development
Mitigating inequality with emissions? Exploring energy justice and financing transitions to low carbon energy in Indonesia
Who are the victims of low-carbon transitions? Towards a political ecology of climate change mitigation
Are climate finance subsidies equitably distributed among farmers? Assessing socio-demographics of solar irrigation in Nepal
Beyond promises
Equity and cost-effectiveness of multilateral adaptation finance
Allocation of aid for adaptation to climate change
Subnational Adaptation Finance Allocation
Climate finance
Distributive justice in global climate finance – Recipients’ climate vulnerability and the allocation of climate funds
Does funds-based adaptation finance reach the most vulnerable countries
Are pension funds actively decarbonizing their portfolios
Distributive Justice, Equity, and Equality
| Unique citing works | 8 |
|---|---|
| Citations per year | 2,67 |
| Citation span | 2023 - 2026 (4) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 8 |