2019
DOI: 10.1002/bsd2.84
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Financing climate change mitigation: An assessment of the private sector investment opportunities in Ghana

Abstract: The funding required for climate mitigation in Africa is estimated at 10 billion U.S. dollars annually. Unfortunately, the contributions by advanced countries will not be enough to meet the mitigation needs of developing countries. Emerging economies like Ghana have low financial capacity to effectively mitigate the harsh impacts of climate change. However, the proportion of private sector investment for climate change mitigation (CCM) keeps increasing—making it a major source of climate change finance. The pa… Show more

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Cited by 10 publications
(11 citation statements)
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“…Hence, climate change affects negatively the private sector and therefore hinders its financial performance [1,2]. Although, the effects of climate change on the private sector, the private sector could play a key role in financing change adaptation and mitigation [3,4]. Many of the private sectors [1,5] gave importance to financing climate actions to respond to the risks associated with the climate.…”
Section: Introductionmentioning
confidence: 99%
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“…Hence, climate change affects negatively the private sector and therefore hinders its financial performance [1,2]. Although, the effects of climate change on the private sector, the private sector could play a key role in financing change adaptation and mitigation [3,4]. Many of the private sectors [1,5] gave importance to financing climate actions to respond to the risks associated with the climate.…”
Section: Introductionmentioning
confidence: 99%
“…Furthermore, publicprivate partnership has been reported to be a great policy response to climate change [9] such as a partnership for adaptation [8]. In addition to that, the private sectors play a major role in reducing greenhouse gases and enhancing carbon sinks [3,10,12] by investing in sustainable forest management [13,14]. In Niger, the private telecommunication companies implemented several initiatives and some of them are shown in Pictures 1, 2, 3, 4, 5 and 6.…”
Section: Introductionmentioning
confidence: 99%
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“…Municipalities have played a crucial role in this process (Pan et al, 2020; Perey, Benn, Agarwal, & Edwards, 2018), starting to set up companies in which the local government has either a full (Chen, Haight, Geng, & Fujita, 2010; Masonganye & Mukonza, 2018) or majority or minority ownership (Calza et al, 2014; Cordeiro, Profumo, & Tutore, 2020; Jia & Zhang, 2012; Liao, Zhang, & Wang, 2019; Pan et al, 2020; Prado‐Lorenzo, Gallego‐Alvarez, & Garcia‐Sanchez, 2009; Zaid, Abuhijleh, & Pucheta‐Martínez, 2020). Municipally owned corporations (MOCs) can be owned by single or multiple municipalities or shared by the public and private sector despite local bureaucracies (Cruz & Marques, 2013; Lamboglia, Fiorentino, Mancini, & Garzella, 2018; Pan et al, 2020), incorporating characteristics of both (Ahenkan, 2020; Kolk & Lenfant, 2018; Musacchio & Lazzarini, 2014; Rahman, Billah, & Hack‐Polay, 2019). Public administration‐owned enterprises became central actors in the improvement of sustainable development delivery (Dumay, Guthrie, & Farneti, 2010; Farneti & Guthrie, 2009), and their response to existing and future challenges can influence the development of many regions across the planet (Córdoba‐Pachón, Garde‐Sánchez, & Rodríguez‐Bolívar, 2014).…”
Section: Introductionmentioning
confidence: 99%
“…Contrarily, Hirshleifer and Luo (2001) and Daniel, Hirshleifer, and Teoh (2002) argued that investors are irrational and markets are ineffective, ergo the investors in market places may behave differently based upon their heuristic values (Subrahmanyam, 2007). Ahenkan (2020) proposed the government to develop consciousness of the investment opportunities and give incentives to motivate the private organization to scale up climate change investment and financing in Ghana. Greater stock investor's awareness about the psychological factors assists in rational investment decisions.…”
Section: Introductionmentioning
confidence: 99%