气候变化领域集成服务门户(CCPortal): Empirical Analysis of the Effect of Institutional Governance Indicators on Climate Financing

CCPortal

DOI	10.3390/economies12020029
	Empirical Analysis of the Effect of Institutional Governance Indicators on Climate Financing
	Lubinga, Moses Herbert; Mazenda, Adrino
发表日期	2024
EISSN	2227-7099
起始页码	12
结束页码	2
卷号	12 期号:2
英文摘要	Sustainable Development Goal 13 echoes the fact that all countries must make urgent and stringent efforts to mitigate against and adapt to climate change and its associated impacts. Climate financing is one of the key mechanisms used to enable countries to remain resilient to the hastening effects of climate change. In this paper, we empirically assess the effect of institutional governance indicators on the amount of climate finance received by 21 nations for which progress towards the internationally agreed-upon target of reducing global warming to 1.5 degrees C is tracked. We use the fixed-effects ordinary least squares (OLS) and the feasible generalized least squares (FGLS) estimators, drawing on the Climate Action Tracker panel data from 2002 to 2020. Empirical results reveal that perceived political stability significantly enhanced climate finance inflows among countries that strongly increased their NDC targets, while perceived deterioration in corruption control negatively impacted the amount of climate finance received by the same group of countries. Therefore, governments should reduce corruption tendencies while striving to avoid practices and alliances that lead to any form of violence, including terrorism and civil war. Low developing countries (LDCs) in particular need to improve the standard of public services provided to the populace while maintaining a respectable level of autonomy from political influences. Above all, as countries work towards strengthening institutional governance, there is an urgent need for developed economies to assist developing economies in overcoming debt stress since the likelihood of future resilience and prosperity is being undermined by the debt crisis, with developing countries spending almost five times as much annually on repayment of debt as they allocate to climate adaptation.
英文关键词	climate finance; Climate Action Tracker; corruption; feasible generalized least squares (FGLS) estimator; panel data
语种	英语
WOS研究方向	Business & Economics
WOS类目	Economics
WOS记录号	WOS:001172311500001
来源期刊	ECONOMIES
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/289654
作者单位	University of Pretoria
推荐引用方式 GB/T 7714	Lubinga, Moses Herbert,Mazenda, Adrino. Empirical Analysis of the Effect of Institutional Governance Indicators on Climate Financing[J],2024,12(2).
APA	Lubinga, Moses Herbert,&Mazenda, Adrino.(2024).Empirical Analysis of the Effect of Institutional Governance Indicators on Climate Financing.ECONOMIES,12(2).
MLA	Lubinga, Moses Herbert,et al."Empirical Analysis of the Effect of Institutional Governance Indicators on Climate Financing".ECONOMIES 12.2(2024).