The effect of Climate Finance on Greenhouse Gas Emission: A Quantile Regression Approach

Authors

  • Alfonso Carfora Italian Revenue Agency
  • Monica Ronghi University of Naples “Parthenope”
  • Giuseppe Scandurra University of Naples “Parthenope”

Abstract

Climate finance plays a primary role in international climate change agreements. It is a way to involve flows of funds from developed to developing countries  that aims to help poorer countries shift toward low-emission, climate-resilient development pathways. In this paper, we study the flow of funds intended to promote energy generation and supply and biosphere protection in order to identify preferential channels in “Fast-start finance” distribution. We analyze the flow of funds among countries and the relationship between climate finance and a composite indicators that summarize and rank the greenhouse gas emissions by using a quantile regression model. Our results revealed a strong heterogeneity in the way the funds are being allocated by donors and show that close attention should be paid to the analysis of political contexts.Keywords: climate funds; composite indicator; developing countries. JEL Classifications: C31; Q48

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Author Biographies

Alfonso Carfora, Italian Revenue Agency

Economics and Statistics Research Officer, Official

Monica Ronghi, University of Naples “Parthenope”

Department of Management Studies and Quantitative Methods, Research Fellow

Giuseppe Scandurra, University of Naples “Parthenope”

Department of Management Studies and Quantitative Methods, Associate Professor of Economic Statistics

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Published

2017-01-17

How to Cite

Carfora, A., Ronghi, M., & Scandurra, G. (2017). The effect of Climate Finance on Greenhouse Gas Emission: A Quantile Regression Approach. International Journal of Energy Economics and Policy, 7(1), 185–199. Retrieved from https://econjournals.com.tr/index.php/ijeep/article/view/3787

Issue

Vol. 7 No. 1 (2017)

Section

Articles

License

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