Impact of climate finance on gender equity for sustainable global development: Can aid for climate action also aid gender equity?

Waheed, Shariq; Waheed, Husnain

doi:10.14295/bjs.v1i7.145

Cited by 4 publications

(3 citation statements)

References 36 publications

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“…The potential for cross-regional collaboration is evident in the empirical estimation of the nexus between green finance and climate change mitigation in the N-11 countries, which can provide valuable insights for both the USA and African countries (Nawaz et al, 2020). Furthermore, the examination of North-to-South financial flows and the impact of climate finance on gender equity for sustainable global development offers opportunities for collaboration and knowledge sharing between the two regions (Waheed & Waheed, 2022;Román et al, 2017).…”

Section: Comparative Analysismentioning

confidence: 99%

Green bonds in climate finance: A review of USA and African initiatives

Olawale Adisa,

Bamidele Segun Ilugbusi,

Ogugua Chimezie Obi

et al. 2024

Int. J. Sci. Res. Arch.

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Green Bonds have emerged as a pivotal instrument in climate finance, facilitating the transition towards a sustainable and low-carbon economy. This paper provides a comprehensive review of Green Bond initiatives in both the United States and Africa, shedding light on the distinct trajectories, challenges, and opportunities within these regions. In the United States, Green Bonds have gained substantial traction as a financial mechanism to support environmentally friendly projects. The review explores the regulatory framework, market dynamics, and the role of key stakeholders in shaping the landscape of Green Bonds in the U.S. The analysis delves into the impact of policy developments, such as the Biden administration's commitment to climate action, on the growth and diversification of Green Bond issuance. Additionally, it examines the investor perspective and the evolving disclosure standards that contribute to the transparency and credibility of these financial instruments. On the African continent, Green Bonds have emerged as a critical tool for mobilizing capital to address climate-related challenges while promoting sustainable development. The paper highlights the unique challenges faced by African nations, including limited financial infrastructure and the need for capacity building. It discusses the role of international partnerships and multilateral institutions in supporting African countries in their endeavors to issue Green Bonds. The review also explores how these financial instruments contribute to the continent's broader climate resilience and mitigation strategies. Furthermore, the paper emphasizes the importance of aligning Green Bond initiatives with broader sustainable development goals, ensuring that the financing mechanisms not only address climate change but also contribute to social and economic development. It discusses the potential for innovation in structuring Green Bonds to attract diverse investors and foster inclusivity in climate finance. This paper provides a nuanced overview of Green Bond initiatives in the United States and Africa, offering insights into the diverse strategies employed, challenges faced, and the broader implications for climate finance. The comparative analysis aims to inform policymakers, investors, and stakeholders, fostering a deeper understanding of the evolving landscape of Green Bonds in these distinct yet interconnected regions.

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Section: Comparative Analysismentioning

confidence: 99%

Green bonds in climate finance: A review of USA and African initiatives

Olawale Adisa,

Bamidele Segun Ilugbusi,

Ogugua Chimezie Obi

et al. 2024

Int. J. Sci. Res. Arch.

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“…Community involvement is another crucial aspect, focusing on engaging local communities in project development and decision-making, as well as empowering them for long-term project sustainability. Waheed & Waheed (2022) emphasize the need for climate finance to adopt a comprehensive strategy to inspect gender equity, highlighting the potential for climate finance to contribute to sustainable global development and gender equity. This underscores the importance of community involvement and equity considerations in climate finance strategies.…”

Section: Climate Finance Strategies: Opportunities and Innovationsmentioning

confidence: 99%

Renewable energy projects in Africa: A review of climate finance strategies

Olushola Babatunde Ayorinde,

Emmanuel Augustine Etukudoh,

Zamathula Queen Sikhakhane Nwokediegwu

et al. 2024

Int. J. Sci. Res. Arch.

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This paper provides a concise overview of the comprehensive examination undertaken to assess climate finance strategies associated with renewable energy projects in Africa. The continent, endowed with abundant renewable resources, faces the dual challenge of meeting its rising energy demand while addressing climate change concerns. This review delves into the diverse landscape of renewable energy initiatives across Africa, emphasizing the pivotal role of climate finance mechanisms in driving sustainable development. The study explores a myriad of renewable energy projects, encompassing solar, wind, hydro, and geothermal technologies, implemented to mitigate the environmental impact of conventional energy sources. It investigates the financial instruments deployed to support these projects, including international funds, grants, loans, and public-private partnerships. The analysis considers the effectiveness of climate finance in fostering the adoption and scaling-up of renewable energy solutions within the unique socio-economic contexts of African nations. Furthermore, the research investigates challenges and opportunities associated with climate finance strategies in the African renewable energy sector. Common barriers, such as regulatory frameworks, institutional capacity, and market dynamics, are examined, alongside success stories that highlight innovative financing models and project implementations. The study also sheds light on the role of regional collaborations and the involvement of local communities in ensuring the sustainability and resilience of renewable energy projects. In addition, the review critically assesses the alignment of climate finance strategies with international climate goals, including the Paris Agreement. It analyzes the extent to which these strategies contribute to both mitigating greenhouse gas emissions and promoting adaptation measures in the face of climate change impacts. The findings aim to provide policymakers, investors, and stakeholders with valuable insights into refining and enhancing climate finance strategies for a more impactful and inclusive renewable energy transition in Africa. This review synthesizes a comprehensive understanding of the current state of renewable energy projects in Africa, emphasizing the critical role played by climate finance in advancing sustainable development. The insights generated from this analysis contribute to the ongoing discourse on effective climate finance strategies, offering a roadmap for fostering resilient and low-carbon energy systems on the African continent.

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“…Yet, climate financing mechanisms do now have established track records on gender. -A primary concern remains of misdirected climate finance which not only does not support gender objectives but actually adversely impacts on gender justice (Sultana, 2021;Wong, 2016;Waheed & Waheed, 2022). The OECD (2022a) finds that climate-related Official Development Assistance (ODA) with a significant gender equality objective increased from 32% or $5.9 billion to 55% or $21.9 billion over the period 2011-2012 to 2019-2020.…”

Section: Toward Integrated Approaches To Climate Finance Gender and P...mentioning

confidence: 99%

Climate finance, conflict and gender—Benchmarking women’s empowerment and sustaining peace

Wong

2023

Environment and Security

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The intersection of knowledge and practice in climate finance, peace, and women’s empowerment remains understudied even though the aspirations of climate and peacebuilding finance on gender mainstreaming and women’s empowerment are actually well aligned. They have in common, an emphasis on the undervalued role of women, the importance of women assuming leadership roles, the elevated agency that finance would afford in, respectively, climate action and sustaining peace, and the full participation of women. At a fundamental level, there is a strong inherent understanding of women’s role in natural resource governance and stewardship that cuts across both the normative framings of climate and peacebuilding finance. Climate financing mechanisms such as the “vertical funds” have over the years introduced sophisticated performance metrics for gender and women’s empowerment, but none to address conflict or fragility. The key gap as highlighted by UNDP is the understanding of the peace co-benefits of climate finance, which means that women in conflict settings may be left behind. This article examines progress on gender and climate finance; the gaps in access by conflict and fragility-affected regions; the benchmarking of climate finance and peace mainstreaming; and a comparative approach for greater cross-fertilization.

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Impact of climate finance on gender equity for sustainable global development: Can aid for climate action also aid gender equity?

Cited by 4 publications

References 36 publications

Green bonds in climate finance: A review of USA and African initiatives

Green bonds in climate finance: A review of USA and African initiatives

Renewable energy projects in Africa: A review of climate finance strategies

Climate finance, conflict and gender—Benchmarking women’s empowerment and sustaining peace

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