Determinants of climate finance: Analysis of recipient characteristics in Sub-Sahara Africa

Doku, Isaac; Ncwadi, Ronney; Phiri, Andrew

doi:10.1080/23322039.2021.1964212

Cited by 13 publications

(14 citation statements)

References 29 publications

(54 reference statements)

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“…However, despite the negative consequences of international sanctions on education, it is important to consider that education can also have a positive impact on climate finance. Indeed, education can contribute to raising awareness and understanding of climate change issues, which can stimulate public and political commitment to climate finance (Doku et al, 2021). Quality climate change education can help people understand the longterm consequences of climate change and encourage them to support climate finance initiatives.…”

Section: Economic Channelmentioning

confidence: 99%

International sanctions and climate finance in developing countries

Moteng,

Mejioguim

2023

Preprint

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Global warming has become a major concern for all countries. Understanding and identifying the factors likely to combat it is now a major challenge on the global agenda. Since the Ukraine-Russia conflict in 2014, international sanctions have attracted the attention of international organisations because of their impact on countries' well-being. However, surprisingly little is known about the link between sanctions and climate aid. This study analyses the effects of international sanctions on climate finance for a large panel of 80 developing countries over the period 2000-2019. To this end, we jointly apply the system-dynamic generalised method of moments (GMM) and the quantile regression method. The results show a negative and statistically significant relationship between international sanctions and climate finance. In other words, these restrictive measures have had an unfavourable impact on financial flows intended to support climate initiatives in developing countries. These results highlight the need to rethink economic policies and diplomatic approaches to ensure that international sanctions do not undermine efforts to promote climate finance. We also show that corruption, poverty and human capital are the mechanisms through which international sanctions influence climate finance in developing countries. Jel Classification : F51; Q54; C32

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Section: Economic Channelmentioning

confidence: 99%

International sanctions and climate finance in developing countries

Moteng,

Mejioguim

2023

Preprint

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“…As a result of the foregoing, Article 4 of the 1992 UNFCCC posits that developed countries should provide 'new and additional' financial flows (climate finance) to help developing countries mitigate and adapt to climate change-termed climate finance [16,[19][20][21][22][23][24][25]. Climate finance has been mentioned by the IPCC and UNFCCC, as a very important tool in addressing the gender inequality problem.…”

Section: Introductionmentioning

confidence: 99%

Climate finance and women-hunger alleviation in the global south: Is the Sub-Saharan Africa case any different?

Doku,

Phiri

2024

PLoS ONE

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To unearth the influence of climate finance (CF) on women-hunger alleviation in Sub-Saharan Africa (SSA), the study used unbalanced panel data for 43 SSA countries for the period 2006–2018. Data was analysed using system-GMM to deal with the endogeneity problem inherent in the model, among other panel regression estimators. Also, the sensitivity of the estimates was carried out using panel fixed effect quantile regression. The findings showed that CF and its components have a significant effect on women-hunger alleviation in SSA, apart from FDI. Further, control of corruption also showed a significant women-hunger alleviation impact. For the climate variables, areas in SSA with higher temperature are more likely to experience worsened women-hunger. Based on the findings, the study recommends that SSA countries need to strengthen their fight against corruption. More so, donors should extend CF as financial aid or support to government budget, due to their potential of alleviating women-hunger.

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“…Moreover, the few empirical studies that focus on climate finance while taking cognizance of more than one institutional governance indicator do not consider the NDCs. For instance, Doku et al (2021) assessed determinants of climate finance among 43 recipients in Sub-Saharan Africa (SSA), including institutional governance indicators such as government effectiveness, rule of law, corruption, and regulatory quality. However, their analysis was limited to the 2006-2017 period while the PA was only enacted in 2015.…”

Section: Introductionmentioning

confidence: 99%

Empirical Analysis of the Effect of Institutional Governance Indicators on Climate Financing

Lubinga,

Mazenda

2024

Economies

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Sustainable Development Goal 13 echoes the fact that all countries must make urgent and stringent efforts to mitigate against and adapt to climate change and its associated impacts. Climate financing is one of the key mechanisms used to enable countries to remain resilient to the hastening effects of climate change. In this paper, we empirically assess the effect of institutional governance indicators on the amount of climate finance received by 21 nations for which progress towards the internationally agreed-upon target of reducing global warming to 1.5 °C is tracked. We use the fixed-effects ordinary least squares (OLS) and the feasible generalized least squares (FGLS) estimators, drawing on the Climate Action Tracker panel data from 2002 to 2020. Empirical results reveal that perceived political stability significantly enhanced climate finance inflows among countries that strongly increased their NDC targets, while perceived deterioration in corruption control negatively impacted the amount of climate finance received by the same group of countries. Therefore, governments should reduce corruption tendencies while striving to avoid practices and alliances that lead to any form of violence, including terrorism and civil war. Low developing countries (LDCs) in particular need to improve the standard of public services provided to the populace while maintaining a respectable level of autonomy from political influences. Above all, as countries work towards strengthening institutional governance, there is an urgent need for developed economies to assist developing economies in overcoming debt stress since the likelihood of future resilience and prosperity is being undermined by the debt crisis, with developing countries spending almost five times as much annually on repayment of debt as they allocate to climate adaptation.

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Determinants of climate finance: Analysis of recipient characteristics in Sub-Sahara Africa

Cited by 13 publications

References 29 publications

International sanctions and climate finance in developing countries

International sanctions and climate finance in developing countries

Climate finance and women-hunger alleviation in the global south: Is the Sub-Saharan Africa case any different?

Empirical Analysis of the Effect of Institutional Governance Indicators on Climate Financing

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