Transformational Climate Finance

• Tác giả: Jon Strand
• Ngôn ngữ: eng
• Ký hiệu phân loại: 304.25 Climatic and weather factors
• Thông tin xuất bản: World Bank, Washington, DC, 2020
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 323524
• Chủ đề: 1. CLIMATE ACTION; 2. CLIMATE CHANGE; 3. CLIMATE CHANGE MITIGATION; 4. GREENHOUSE GAS EMISSIONS; 5. MITIGATION POLICY

Tóm tắt

 This paper uses simple analytical models to study high-income donor countries' willingness to pay to supply mitigation finance to low-income countries
  how this depends on modality for finance supply
  and how it changes as the global greenhouse gas mitigation agenda moves forward. The paper focuses on two modalities: transformational project-based mitigation finance (transitioning from fossil to non-fossil energy use at scale), and transformational policy-based mitigation finance support (implementing comprehensive carbon taxation). These modalities are compared with conventional finance for which donors have lower willingness to pay. High-income countries' willingness to pay is higher when mitigation is combined with carbon taxation
  private-sector finance is also more highly incentivized. Reaching the transformational mitigation finance stage can be challenging, as it may require large provision of mitigation finance with negative net returns to high-income countries. Willingness to pay will be higher when high-income countries collaborate in the provision of mitigation finance. The findings show that more effective collaboration can be sustained when it is enforced by an international financial institution that collects and spends the provided mitigation finance to induce efficient mitigation activity in low-income countries and collaboration among donors is enforced by simple tit-for-tat reaction strategies.