China will take the initiative on climate finance

2016 ◽  
Keyword(s):  
Climate Change ◽  
Developing Countries ◽  
Climate Policy ◽  
Emerging Economies ◽  
Environmental Sustainability ◽  
Asia Pacific ◽  
Climate Finance ◽  
Content Type ◽  
Chinese Companies ◽  
Run Up

Subject China's 'climate finance' efforts. Significance During the December 2015 COP 21 climate change summit in Paris, Beijing acted as an enabler for the negotiations, submitting its own commitments well ahead of time and constructively supporting the overall process. As part of this China also pledged more climate finance in the run-up to the conference. At present most of China's climate finance efforts are pledges rather than reality, yet even these set an example and signal the willingness of the world's largest polluter to take action in principle. Impacts China's shift will put pressure on other emerging economies to soften their stance on climate policy, particularly India. AIIB environmental sustainability requirements will affect how development funding is given by other development banks. Infrastructure and green businesses in Asia-Pacific will increasingly be able to access Chinese climate funding. Developing countries will see an even greater Chinese presence, with Chinese companies heavily involved in implementing climate projects.

scholarly journals A room with a view: a special issue with a special perspective

2021 ◽  
Vol 26 (3) ◽  
pp. 205-210
Author(s):  
Simone Borghesi
Keyword(s):  
Climate Change ◽  
Developing Countries ◽  
Climate Policy ◽  
Present Article ◽  
Emerging Economies ◽  
Emissions Trading ◽  
Developed Countries ◽  
Special Issue ◽  
Climate Policies

AbstractThe present article describes the main insights deriving from the papers collected in this special issue which jointly provide a ‘room with a view’ on some of the most relevant issues in climate policy such as: the role of uncertainty, the distributional implications of climate change, the drivers and applications of decarbonizing innovation, the role of emissions trading and its interactions with companion policies. While looking at different issues and from different angles, all papers share a similar attention to policy aspects and implications, especially in developing countries. This is particularly important to evaluate whether and to what extent the climate policies adopted thus far in developed countries can be replicated in emerging economies.

Prospects for global climate policy in 2016

2015 ◽  
Keyword(s):  
Climate Change ◽  
Developing Countries ◽  
Climate Policy ◽  
Global Climate ◽  
Double Counting ◽  
Climate Regime ◽  
Emission Reductions ◽  
Content Type ◽  
Loss And Damage ◽  
Political Controversy

Subject Prospects for global climate policy in 2016. Significance Collective efforts to respond to climate change, as in previous years, will prove a source of domestic and international political controversy, particularly as vulnerable states cope with climate-induced loss and damage in a post-COP21 global climate regime. Pledges made by countries themselves at the COP21 summit -- both for emission reductions and for financial contributions to support developing countries -- will draw international scrutiny to avoid backsliding or double-counting.

Exploring climate finance for tourism adaptation development: an overview

2016 ◽  
Vol 8 (5) ◽  
pp. 593-605 ◽  
Author(s):  
Daniele Vieira do Nascimento
Keyword(s):  
Climate Change ◽  
Literature Review ◽  
English Language ◽  
Small Island ◽  
Future Research ◽  
Climate Finance ◽  
Content Type ◽  
Main Research ◽  
Research Fields ◽  
New Research

Purpose The purpose of this paper is to provide an overview of the links between climate finance and tourism adaptation development. Besides increasing adaptation and mitigation efforts to limit greenhouse gas emissions, climate change remains a major challenge in the twenty-first century and beyond especially for tourism which is highly climate sensitive. Hence, it is necessary for tourism to adapt to survive. The aim of the study is to provide a systematic overview of the topic to offer a foundation for better understanding different ways of integrating climate finance initiatives with tourism. Design/methodology/approach The research focused on the top-ranked, peer reviewed journals of each of the two selected research fields. To address this topic, an in-depth systematic literature review in the fields of climate change finance and tourism adaptation development was conducted. Furthermore, because it is a relatively new research topic, conference proceedings were also explored. To guarantee wide coverage of the literature, a query of the following scholarly databases was considered: Elsevier, ScienceDirect and Web of Science. Findings Based on the analyses of the literature available on the topic, the paper highlights the main research trends and conclusions. It is argued that there is imbalance of knowledge on climate change finance as it relates to tourism. To date, there have been relatively few published articles on this topic in the context of tourism. Based on the findings, promising areas for future research were identified, and in particular for small island communities and recommendations for future research are outlined. Research limitations/implications The paper is limited by the scope of the literature review accessed by the researcher. The results of this review may vary according to the databases used. Originality/value Currently, there is no extensive review of articles on climate finance and tourism adaptation. This paper aims at reviewing climate finance studies published in English language to explore knowledge gaps in tourism adaptation. Sets of themes being advanced are also highlighted. Recommendations for future research are provided.

The inter-relationships among liquidity creation, bank capital and credit risk: evidence from emerging Asia–Pacific economies

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Tu D.Q. Le ◽  
Xuan T.T. Pham
Keyword(s):  
Credit Risk ◽  
Emerging Economies ◽  
Financial Stability ◽  
Generalized Method Of Moments ◽  
Negative Relationship ◽  
Capital Requirements ◽  
Asia Pacific ◽  
Bank Capital ◽  
Content Type ◽  
Small Banks

PurposeThis study investigates the inter-relationships among liquidity creation, bank capital and credit risk in selected emerging economies between 2012 and 2016.Design/methodology/approachA three-step procedure as proposed by Berger and Bouwman (2009) is used to measure liquidity creation. Thereafter, a simultaneous equations model with the generalized method of moments (GMM) estimator is used to examine the links between liquidity creation, bank capital and credit risk.FindingsThe findings indicate that bank capital and credit risk affect each other positively after controlling for liquidity creation. Also, the findings show a negative impact of credit risk on liquidity creation while our findings do not find any evidence to confirm the reverse relationship between them. Furthermore, the findings demonstrate a two-way negative relationship between liquidity creation and bank capital in these emerging economies. Finally, the results indicate a positive relationship between capital and credit risk, especially in the case of small banks in the sample.Practical implicationsThe findings suggest that the trade-off between the benefits of financial stability induced by tightening capital requirements and those of improved liquidity creation has crucial implications for policymakers and bank regulators in making the banking system more resilient. A positive impact of capital on credit risk emphasizes that the authorities in selected emerging economies should put more attention on small banks to ensure their exposures under target control.Originality/valueThis is the first study that examines the dynamic interrelationships among liquidity creation, bank capital and credit risk in the Asia–Pacific region.

scholarly journals National REDD+ Strategy for Climate Change Mitigation: A Review and Comparison of Developing Countries

2018 ◽  
Vol 10 (12) ◽  
pp. 4781 ◽  
Author(s):  
Jewel Andoh ◽  
Yohan Lee
Keyword(s):  
Climate Change ◽  
Developing Countries ◽  
Sustainable Forest Management ◽  
Forest Degradation ◽  
Forest Monitoring ◽  
Asia Pacific ◽  
Implementation Phase ◽  
Institutional Infrastructure ◽  
Definition Of

Reducing emissions from deforestation and forest degradation, and the role of conservation, sustainable forest management and enhancement of forest carbon stocks (REDD+) in developing countries requires a National REDD+ Strategy (NRS) to ensure effectiveness, efficiency and equity. So far, only a few countries have submitted their NRS to the United Nations Framework Convention on Climate Change (UNFCCC) to progress to the implementation phase of REDD+. To compare the NRS of eight countries from Africa and the Asia-Pacific region, we used content analysis to assess whether these countries have paid attention to the REDD+ design components and adhered to the UNFCCC REDD+ rules. Our results demonstrate that all eight countries have paid considerable attention to REDD+ activities, finance, measurement, reporting and verification (MRV), and safeguard systems, and most countries have not adhered to the UNFCCC REDD+ rules on scale including the definition of national and subnational forests, subnational projects to be nested into national systems, and subnational activities to be verified by experts. REDD+ countries must develop definitions for national and subnational forests to enhance forest monitoring and they must develop technical and institutional infrastructure for MRV and safeguard systems, to receive results-based payments, and for the sustainability of REDD+ projects.

Asia-Pacific Partnership on Clean Development and Climate: Blockade or Impe- tus for the International Climate Regime?

elni Review ◽  
2007 ◽  
pp. 23-27
Author(s):  
Christoph Holtwisch
Keyword(s):  
Climate Change ◽  
Climate Policy ◽  
World Economy ◽  
Point Of View ◽  
Asia Pacific ◽  
Climate Regime ◽  
International Climate Policy ◽  
The Usa ◽  
International Climate

The Asia-Pacific Partnership on Clean Development and Climate [APP or AP6] is a very new phenomenon in international climate policy. It has important effects on the traditional climate regime formed by the UN Framework Convention on Climate Change [FCCC] and its Kyoto Protocol [KP]. From its own point of view, the APP is a grouping of key nations to address serious and long-term challenges, including anthropogenic climate change. The APP partners - Australia, China, India, Japan, South Korea and the USA - represent roughly half the world economy and population, energy consumption and global greenhouse gas emissions. For this reason, this “coalition of the emitting” is – and will be – a central factor in international climate policy.

China-US deal sets stage for new climate change regime

2015 ◽  
Keyword(s):  
Climate Change ◽  
United States ◽  
Developing Countries ◽  
Global Climate Change ◽  
Global Climate ◽  
The United States ◽  
Content Type ◽  
Bilateral Agreement ◽  
The Eu ◽  
Game Changer

Significance The United States has already committed, in an unprecedented deal with China in November 2014, to reducing its emissions to 26-28% below 2005 levels by 2025 (an improvement on its previous 17% goal). China in return pledged that its emissions would peak around 2030. This agreement is a game-changer for combating global climate change, since the two countries are the world's largest sources of carbon emissions, together accounting for 40% of the total, and were not covered under the now-expired Kyoto Protocol. Impacts Washington is poised to reclaim its place, lost after Kyoto, as a leader in global efforts against climate change. US-China climate cooperation initiatives could serve as templates for other developing countries. There are new opportunities for trilateral cooperation involving the EU. Fears that the bilateral agreement makes the UNFCCC obsolete are unwarranted, but it could preclude more ambitious efforts.

Paris Agreement details complicate Bonn climate talks

2016 ◽  
Keyword(s):  
Climate Change ◽  
Developing Countries ◽  
Foreign Minister ◽  
Paris Agreement ◽  
Content Type ◽  
Technological Support ◽  
Delayed Entry ◽  
Executive Secretary ◽  
Operational Rule

Subject The May 16-26, 2016 Bonn Climate Change Conference. Significance The 2016 Bonn Climate Change Conference concluded on May 26, with a number of issues related to the implementation of the Paris Agreement left unresolved. These included key elements, such as how progress is to be monitored and reviewed, and the scale and speed of provision of financial and technological support for developing countries. Only one further session is scheduled for this year, at the November COP22 meeting in Marrakesh, Morocco. Current UN Framework Convention on Climate Change (UNFCCC) Executive Secretary Christiana Figueres concludes her six-year term in July, to be replaced by former Mexican Foreign Minister Patricia Espinosa. Impacts The Paris Agreement is likely to enter into force by end-2017, perhaps earlier if diplomatic momentum is sustained. Concerns about delayed entry into force may speed the completion of the operational 'rule-book' by COP22. The Green Climate Fund's call for more proposals highlights the limited pipeline of application-ready projects in developing countries.

New GCF strategy could unlock frozen funds globally

2016 ◽  
Keyword(s):  
Financial Engineering ◽  
Executive Director ◽  
Asia Pacific ◽  
Climate Finance ◽  
Content Type ◽  
Project Quality ◽  
Green Climate Fund ◽  
Funding Stream

Subject Outlook for the Green Climate Fund. Significance Green Climate Fund (GCF) Executive Director Hela Cheikhrouhou on March 31 urged Asia Pacific leaders to submit climate finance proposals for the Fund to consider. The institution has received 10.2 billion dollars of funding commitments thus far but has fallen behind schedule in disbursing those funds. Impacts The GCF is unlikely to meet its target for the volume of climate finance disbursed while also keeping project quality high. The GCF's embrace of financial engineering could herald a long-term shift in how climate finance is delivered, especially on mitigation. Should the funding stream remain modest, pressure will rise for the GCF to capitalise other channels.

Germany’s climate efforts could boost the opposition

2019 ◽  
Keyword(s):  
Climate Change ◽  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Economic Impact ◽  
Climate Policy ◽  
Industrial Firms ◽  
Middle Income ◽  
Content Type ◽  
The Government ◽  
Fuel Costs

Significance Worth 54 billion euros (60 billion dollars) until 2023, the reforms are designed to help Germany reach its target of reducing greenhouse gas emissions by 55% of 1990 levels by 2030. This comes after the government said it would fail to reach its 2020 goal of a 40% reduction. Impacts Germany’s ambition to become a front-runner in the global fight against climate change will likely continue to suffer. Protests similar to France's 'yellow vest' movement are unlikely as the proposals avoid pain for lower- and middle-income voters. The proposed policies could put pressure on industrial firms to lower their heating and fuel costs. Given the economic impact that ambitious climate policy could have on industry and consumers, reforms to the deal will likely be modest.

Sign in / Sign up

Export Citation Format

Share Document