scholarly journals Climate Finance

2020 ◽  
Vol 33 (3) ◽  
pp. 1011-1023 ◽  
Author(s):  
Harrison Hong ◽  
G Andrew Karolyi ◽  
José A Scheinkman
Keyword(s):  
Climate Change ◽  
Research Program ◽  
Private Investment ◽  
Climate Finance ◽  
Special Volume ◽  
Adaptation To Climate Change ◽  
Public And Private

Abstract Climate finance is the study of local and global financing of public and private investment that seeks to support mitigation of and adaptation to climate change. In 2017, the Review of Financial Studies launched a competition among scholars to develop research proposals on the topic with the goal of publishing this special volume. We describe the competition, how the nine projects featured in this volume came to be published, and frame their findings within what we view as a broader climate finance research program.

Human Migration and Displacement in the Context of Adaptation to Climate Change: The Cancun Adaptation Framework and Potential for Future Action

2012 ◽  
Vol 30 (6) ◽  
pp. 1061-1077 ◽  
Author(s):  
Koko Warner
Keyword(s):  
Climate Change ◽  
Human Mobility ◽  
Geneva Convention ◽  
Human Migration ◽  
Climate Finance ◽  
Technical Cooperation ◽  
Adaptation To Climate Change ◽  
Work Program ◽  
Loss And Damage ◽  
First Time

The first-time-ever agreed-upon text on migration, displacement, and planned relocation in the United Nations Framework Convention on Climate Change (UNFCCC) climate negotiations process was informed by recent empirical research, and will shape how human mobility is dealt with under adaptation. Migration, displacement, and planned relocation feature in the text of the Cancun Adaptation Framework as technical cooperation issues which highlight activities that help to guide adaptation funding. Human mobility in the UNFCCC context is distinct from other policy fora—like international protocols and expanding mandates of existing frameworks such as the 1951 Geneva Convention. Operationally oriented solutions and discussions are moving forward in a UNFCCC process through the Cancun Adaptation Framework [paragraph 14(f)], the Climate Finance and the Adaptation Committee, and the Subsidiary Body on Implementation's Work Program on Loss and Damage. These and other policy processes catalyze nationally and regionally driven work on the topics of migration, displacement, and planned relocation in the context of climate change.

scholarly journals Overstraining international climate finance: when conflicts of objectives threaten its success

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Wolfgang Buchholz ◽  
Dirk Rübbelke
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Policy Instruments ◽  
Policy Coordination ◽  
Paris Agreement ◽  
Climate Finance ◽  
Adaptation To Climate Change ◽  
Global Environment Facility ◽  
Content Type ◽  
Sustainability Problems

Purpose Climate finance is regularly not only seen as a tool to efficiently combat global warming but also to solve development problems in the recipient countries and to support the attainment of sustainable development goals. Thereby, conflicts between distributive and allocative objectives arise, which threaten the overall performance of such transfer schemes. Given the severity of the climate change problem, this study aims to raise concerns about whether the world can afford climate transfer schemes that do not focus on prevention of (and adaptation to) climate change but might be considered as a vehicle of rent-seeking by many agents. Design/methodology/approach Future designs of international transfer schemes within the framework of the Paris Agreement are to be based on experience gained from existing mechanisms. Therefore, the authors examine different existing schemes using a graphical technique first proposed by David Pearce and describe the conflicts between allocative and distributional goals that arise. Findings In line with the famous Tinbergen rule, the authors argue that other sustainability problems and issues of global fairness should not be primarily addressed by climate finance but should be mainly tackled by other means. Research limitations/implications As there is still ongoing, intense discussion about how the international transfer schemes addressed in Article 6 of the Paris Agreement should be designed, the research will help to sort some of the key arguments. Practical implications There are prominent international documents (like the Paris Agreement and the UN 2030 Agenda for Sustainable Development) seeking to address different goals simultaneously. While synergies between policies is desirable, there are major challenges for policy coordination. Addressing several different goals using fewer policy instruments, for example, will not succeed as the Tinbergen Rule points out. Social implications The integration of co-benefits in the analysis allows for taking into account the social effects of climate policy. As the authors argue, climate finance approaches could become overstrained if policymakers would consider them as tools to also solve local sustainability problems. Originality/value In this paper, the authors will not only examine what can be learnt from the clean development mechanism (CDM) for future schemes under Article 6 of the Paris Agreement but also observe the experiences gained from a non-CDM scheme. So the authors pay attention to the Trust Fund of the Global Environment Facility (GEF) which was established with global benefit orientation, i.e. – unlike the CDM – it was not regarded as an additional goal to support local sustainable development. Yet, despite its disregard of local co-benefits, the authors think that it is of particular importance to include the GEF in the analysis, as some important lessons can be learnt from it.

scholarly journals Effects of Climate Finance on Risk Appraisal: A Study in the Southwestern Coast of Bangladesh

2019 ◽  
Vol 2019 ◽  
pp. 1-16
Author(s):  
Firdaus Ara Hussain ◽  
Mokbul Morshed Ahmad
Keyword(s):  
Climate Change ◽  
Local Level ◽  
Critical Role ◽  
National Level ◽  
Coastal Region ◽  
Climate Finance ◽  
Adaptation To Climate Change ◽  
Adaptation Measures ◽  
Risk Appraisal ◽  
The Impact

Utilising climate funds properly to reduce the impact of potential risks of climate change at the local level is essential for successful adaptation to climate change. Climate change has been disrupting the lives of millions of households along the coastal region of Bangladesh. The country has allocated support from its national funds and accessed international funds for the implementation of adaptation interventions. With the focus of the scientific community on climate finance mechanisms and governance at the global and the national level, there is a lacuna in empirical evidence of how climate finance affects risk appraisal and engagement in adaptation measures at the local level. This paper aims to examine how the support from climate finance affects risk appraisal in terms of the perceived probability and severity and the factors which influence risk appraisal. A field survey was conducted on 240 climate finance recipient households (CF HHs) and 120 nonclimate finance recipient households (non-CF HHs) in Galachipa Upazila of Patuakhali District in coastal Bangladesh. The results indicate that both CF and non-CF HHs experience a high probability of facing climatic events in the future; however, CF HHs anticipated a higher severity of impacts of climatic events on different dimensions of their households. With higher income and social capital, the overall risk appraisal decreases for CF HHs. CF HHs have higher engagement in adaptation measures and social groups and maintain alternative sources of income. Climate finance played a critical role in supporting households in understanding the risks that they were facing, assisting them in exploring as well as enhancing their engagement in adaptation options.

2020 IDB Climate Finance

2021 ◽  
Author(s):  
Juliana Almeida ◽  
Rossemary Yurivilca
Keyword(s):  
Climate Change ◽  
Greenhouse Gas ◽  
Ghg Emissions ◽  
Climate Finance ◽  
Adaptation Process ◽  
Investment Fund ◽  
Public And Private ◽  
The Public ◽  
Vulnerability To Climate Change ◽  
Mitigate Climate Change

Under the current IDBG Corporate Results Framework (CRF) 2020-2023 (https://crf.iadb.org/en), the IDB committed to reach 30% of the total amount approved (including all lending operations) of climate finance during this period. In 2020, the IDB Group - composed of the IDB, IDB Lab (formerly the Multilateral Investment Fund) and IDB Invest - approved US$3.9 billion in climate finance as per the MDB climate finance tracking methodology. This resource is aimed at development activities carried out by the public and private sectors that reduce greenhouse gas (GHG) emissions and thus mitigate climate change, and/or that reduce vulnerability to climate change and contribute to an adaptation process. This amount represented 19.5% of the IDB Groups total approved amount for 2020. The IDB only climate finance in 2020 was 15%, equivalent to US$ 2 billion. If the COVID-19 related investments are excluded, the IDB climate finance reached 30%. Changes in demand from countries to respond to the pandemic affected the overall climate finance results by shifting the priority to social and fiscal sectors and to projects that could provide faster liquidity.

scholarly journals Adapting flood management to climate change: comparing policy frames and governance practices in the Low Countries

2014 ◽  
Vol 6 (1) ◽  
pp. 55-70 ◽  
Author(s):  
Ann Crabbé ◽  
Mark Wiering ◽  
Duncan Liefferink
Keyword(s):  
Climate Change ◽  
The Netherlands ◽  
Climate Adaptation ◽  
Flood Management ◽  
Adaptation To Climate Change ◽  
Low Countries ◽  
Public And Private ◽  
Policy Frames ◽  
Governance Practices ◽  
Governance Processes

Belgium and the Netherlands together form the Low Countries. Empirical research in Flanders (the Dutch-speaking part of Belgium) and the Netherlands proves that there are substantive differences in the organization of governance processes regarding flood management in response to climate change. This article answers the question of how Flanders and the Netherlands, confronted with universal challenges and dilemmas in the governance of adaptation to climate change – integration versus differentiation (multi-sector versus sector-based governance), the problem of scaling (multi-level governance) and the division of public and private responsibilities (multi-actor governance) – are designing and structuring their approaches. More specifically, we look at how differences in the framing of climate adaptation can explain why organizational practices differ. For this purpose, a distinction is made between diagnostic framing (what is the problem?), prognostic framing (what could be possible solutions?) and action framing (how to act?). By referring to existing policy frames, the article explains recent policy choices on climate change adaptation in flood management.

scholarly journals Forschung zur richtigen Zeit, umsetzungsorientiert und politisch eingebettet

2015 ◽  
Vol 166 (6) ◽  
pp. 348-351
Author(s):  
Rolf Manser ◽  
Konrad Steffen ◽  
Ueli Meier ◽  
Christian Küchli
Keyword(s):  
Climate Change ◽  
Research Program ◽  
Management Strategies ◽  
Forest Policy ◽  
Adaptation To Climate Change ◽  
Climate Change Research ◽  
Federal Institute ◽  
The Right ◽  
First Time

Research at the right time, implementation-oriented and politically embedded Climate change is occurring at a speed that raises doubts as to whether multi-functional forests can adapt to it naturally in time. In the medium to long term, important forest services seem to be endangered. Therefore, forest management strategies that support the adaptation of forests and maintain forest functions are necessary. In order to develop the necessary knowledge base and qualified decision-making support, the Swiss Federal Office for the Environment and the Swiss Federal Institute for Forest, Snow and Landscape Research started the “Forest and Climate Change” research program in 2009. This special issue, devoted to the reaction and sensitivity of forest trees and stands to increased drought, presents for the first time results of the research program more broadly. This research program is one of the activities at the federal level relating to mitigation of climate change and adaptation to its impacts. It is politically embedded as an integral part of both the Forest Policy 2020 and the Federal Council's strategy of adaptation to climate change.

scholarly journals Sustentabilidad y gestión de riesgo. Respuesta, reparación y prevención frente a inundaciones desde un análisis de caso/Sustainability and risk management. Response, repair and prevention against floods from a case analysis

2018 ◽  
pp. 105-123 ◽  
Author(s):  
Cecilia Carrizo Sineiro ◽  
Yamila Maricel Ferreyra ◽  
Diego Astudillo ◽  
Silvina Soldá
Keyword(s):  
Climate Change ◽  
Risk Management ◽  
Social Systems ◽  
Extreme Rainfall ◽  
Production Model ◽  
Adaptation To Climate Change ◽  
Intergovernmental Panel ◽  
Public And Private ◽  
El Sistema ◽  
Private And Public

La provincia de Córdoba, constituye uno de los polos de desarrollo del modelo agropecuario basado en transgénicos-agrotóxicos-siembra directa-commodities implementado en Argentina. Está ubicada en la región para la que el Panel Intergubernamental sobre de Cambio Climático (IPCC) ha pronosticado hace más de 10 años la ocurrencia de precipitaciones extremas, consecuentes inundaciones y necesidades de adaptación específicas. El trabajo pretende problematizar los límites de la gestión del riesgo en dicho contexto a partir del análisis de un caso concreto, la ciudad de Jesús María frente a la inundación del año 2015. A tal fin, presentamos en detalle la sistematización de las acciones/comunicaciones de dos sistemas sociales urbanos identificados como claves, el Sistema Político Institucional y el de Información-Comunicación, en los tres momentos en que se analizan los desastres: respuesta, reparación y prevención. Nuestra observación, desde una perspectiva sistémica-comunicacional, aspira a aumentar la reflexividad social sobre un modelo de producción, dando cuenta de la complejidad de una gramática de la adaptación al cambio climático que, haciendo foco en las responsabilidades privadas y públicas y la defensa de los derechos humanos, la biodiversidad y la infraestructura pública y privada, supere respuestas tecnocráticas y prefigure una adaptación al cambio climático que haga eje en la sustentabilidad. Abstract The province of Córdoba is one of the poles of development of the agricultural model based on transgenic-agrotoxicos-direct seeding-commodities implemented in Argentina. It is located in the region for which the Intergovernmental Panel on Climate Change (IPCC) has forecast more than 10 years ago the occurrence of extreme rainfall, consequent floods and specific adaptation needs. The work aims to problematize the limits of risk management in this context from the analysis of a specific case, the city of Jesus Maria after the flood of 2015. To this end, we present in detail the systematization of actions of two urban social systems identified as key, the Institutional Political System and the Information-Communication System, in the three moments in which disasters are analyzed: response, repair and prevention. Our observation, from a systemic-communicational perspective, aims to increase social reflexivity on a production model, accounting for the complexity of a grammar of adaptation to climate change, focusing on private and public responsibilities and the defense of human rights, biodiversity and public and private infrastructure, overcomes inefficient and technocratic responses and prefigures an adaptation to climate change that focuses on sustainability.

scholarly journals Normative aspects of climate adaptation policies

Climate Law ◽  
2011 ◽  
Vol 2 (4) ◽  
pp. 559-581 ◽  
Author(s):  
Peter P.J. Driessen ◽  
Helena F.M.W. van Rijswick
Keyword(s):  
Climate Change ◽  
Climate Adaptation ◽  
Societal Change ◽  
Adaptation To Climate Change ◽  
Adaptation Measures ◽  
Public And Private ◽  
Complex Process ◽  
Economic Perspectives ◽  
Normative Issues ◽  
Private Actors

Adaptation to climate change is a complex process of societal change and should be studied as such. Attention to issues of climate adaptation has increased considerably over the past few years. Until now, less attention has been paid to questions concerning normative issues of societal change. In this paper we will address three important questions on the normative level: (a) What kind of legal and policy principles should public and private actors take to heart when formulating and implementing adaptation measures? (b) Which societal interests should be protected by a climate-adaptation policy and in what order? (c) To what extent are governments responsible for adaptation to climate change and what are the responsibilities to be borne by private parties and citizens? We will treat these questions from a mix of legal, administrative, and economic perspectives. We conclude with some recommendations on how to deal with these normative aspects in policy-making processes.

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