Download or read book The Political Economy of National Climate Funds written by Rishikesh Bhandary and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The focus of this dissertation is on how developing countries mobilize financial resources to support actions on climate change. The existing literature has largely focused on how the preferences of donors shape financial flows and has not paid enough attention to how developing countries exercise their agency in determining how and under what conditions they receive international climate finance. This dissertation analyzes how host country governments negotiate and identifies the factors that constrain the exercise of that agency. This dissertation finds that the credibility of government commitment best explains how developing countries mobilize climate finance. Negotiating capital (charismatic leadership and salience), the policy context, and actor preferences help to explain finance mobilization. Closely tied to the question of the quantity of finance is the design of the delivery vehicle that is used to channel it. Therefore, the institutional design features of the funds have received a lot of attention in this dissertation. These features include: selecting the fund manager (the trustee of the fund), the fund's governing arrangement (the board), scope (what the fund focuses on), and the financing instruments at the fund's disposal. The institutional design features vary across contexts and pose different levels of sovereignty costs to the host country. This dissertation finds that host governments seek to minimize sovereignty costs they incur even if this means increasing the transaction costs associated with the fund. This finding is in contrast with the scholarship on the design of international institutions that expects design features to reflect the maximization of efficiency gains, such as reductions in transaction costs. The cases here suggest that the actors maximize control and reduce sovereignty costs even if that means incurring higher amounts of transaction costs. Four national climate funds form the empirical core of this study. Bangladesh's experience illustrates how a country that tried hard to bargain with donors was hamstrung by the governance risks posed by its administrative and budgetary processes. Even though the government pre-empted negotiations and designed its own fund, donors were too reluctant to use it as the delivery vehicle. Despite having strong negotiating capital, it had to concede sovereignty costs by accepting the World Bank as the trustee of the fund. The lack of existing data also hampered credibility as it created confusion on how the fund was really adding value. Brazil was in a strong negotiating position vis-à-vis Norway. As it already had policies under implementation, with data that could be monitored, it enjoyed low sovereignty costs in the design of the Amazon Fund. As the original policy to control deforestation had the buy-in of the Ministry of Environment and Forests, which was also the lead in the negotiations with Norway, it did not suffer from implementation problems. As new governments followed, the gains achieved and institutionalized during the Lula and Dilma presidencies have been reversed. Former Prime Minister Meles Zenawi's vision for low carbon growth in Ethiopia gained the interest of a few donors such as the UK and Norway. Initially, the emphasis on climate change, however, was not widely shared amongst Ethiopia's donors. Therefore, the CRGE Facility did not attract substantial amounts of finance at the outset. The fund design reflected the concerns of both sides. UNDP was asked to manage one window of the fund while the Ministry of Finance and Economic Cooperation housed the government-managed window. The government had to allow donors to earmark their contributions if they routed their finance through the government-managed window. In effect, this meant setting up parallel governance and reporting frameworks for each earmarked contribution, thereby increasing transaction costs. While the CRGE strategy and vision are officially under implementation, the inability of the government to provide data and indicators has meant that donors remain unconvinced about how much implementation is actually taking place. In Indonesia, former President Yudhoyono's leadership and Indonesia's salience in terms of deforestation-related emissions provided the government with much negotiating leverage. Indonesia did not have the data or the policies in place at the time of negotiations with Norway. Therefore, it was subject to input-based financing instruments, with specified milestones and targets, until it was ready for results-based financing. The lack of policy implementation, at the time of fund design, also meant that policy rivalry between the lead negotiators (President's Office) and the main target of the fund (the Ministry of Forests) impeded implementation. It took Indonesia nearly a decade before it claimed payments for avoided deforestation from Norway.

Download or read book The Political Economy of Climate Finance in Brazil written by Ursula Flossmann-Kraus and published by LIT Verlag Münster. This book was released on 2023-04 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Navigating institutions and donor requirements to successfully access international climate finance is challenging for many countries. Establishing national climate funds can be a way to meet these challenges, ensuring the targeted use of funds and strengthening ownership. This book examines the establishment of two national climate funds in Brazil, the Low Carbon Agriculture Programme and the Amazon Fund. Their establishment must be seen against the background of a drastic shift in Brazilian climate policy, enabled by discursive changes, during the administration of the Workers' Party 2003 - 2016. Dr. Ursula Flossmann-Kraus is a climate finance specialist and has led and implemented projects and programmes for GIZ and the Commonwealth Secretariat.

Download or read book The Political Economy of Low Carbon Resilient Development written by Susannah Fisher and published by Taylor & Francis. This book was released on 2016-10-04 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade, policies and financing decisions aiming to support low carbon resilient development within the least developed countries have been implemented across several regions. Some governments are steered by international frameworks, such as the UN Framework Convention on Climate Change (UNFCCC), while others take their own approach to planning and implementing climate resilient actions. Within these diverse approaches however, there are unspoken assumptions and normative assessments of what the solutions to climate change are, who the most appropriate actors are and who should benefit from these actions. This book examines the political economy dynamics or the underlying values, knowledge, discourses, resources and power relationships behind decisions that support low carbon resilient development in the least developed countries. While much has been written on the politics of climate change, this book will focus on the political economy of national planning and the ways in which the least developed countries are moving from climate resilient planning to implementation. The book will use empirical evidence of low carbon resilient development planning in four countries: Bangladesh, Ethiopia, Rwanda and Nepal. Different approaches to low carbon resilience are critically analysed based on detailed analysis of key policy areas. This book will be of great interest to policy makers, practitioners’ students and scholars of climate change and sustainable development.

Download or read book The Political Economy of Climate Finance Lessons from International Development written by Corrine Cash and published by Springer Nature. This book was released on 2022-10-05 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This project breaks disciplinary silos by bringing those who work in climate finance and policy together with development scholars and practitioners to share lessons, understanding, and research with an overall goal of making a contribution to the climate change field so that those at the community level benefit from the multitude of programmes designed for climate impacts. For some 70 years, International Development specialists have been developing programs and delivering funds to those who most need assistance. There is a wealth of knowledge to be uncovered by examining the international development industry for those who are now tasked with delivering climate finance. The academic, policy, and practitioner communities have spent decades researching, examining, and analyzing both development policies and finance independent of each. This volume will seek to bring that research together.

Download or read book The Political Economy of Climate Finance Effectiveness in Developing Countries written by Mark Purdon and published by Oxford University Press. This book was released on 2024-01-01 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is ample evidence that engaging developing countries on climate change mitigation would have significant, positive impacts on global climate efforts. There is much debate, however, on the most effective strategy for unlocking these low-cost mitigation opportunities. While the Clean Development Mechanism (CDM) emerged as the main climate finance instrument for engaging developing countries under the Kyoto Protocol, the carbon market approach it embodied would largely be replaced by a new array of climate finance instruments based on climate funds. In The Political Economy of Climate Finance Effectiveness in Developing Countries, Mark Purdon shows that the effectiveness of climate finance instruments to reduce emissions under either strategy has depended on the interaction between prevailing ideas about how to develop a nation's economy, as well as state interests in various economic sectors. Based on multiple field visits over a decade in three countries, the author demonstrates that climate finance instruments have been more effectively implemented when the state treats them as vehicles for addressing priority development issues. Climate finance instruments were more consistently and effectively implemented in Uganda and Moldova than Tanzania, despite differences in state capacity between countries. This pattern held for the CDM, as well as subsequent instruments largely based on climate funds, such as Reducing Emissions from Deforestation and Forest Degradation (REDD+) and other national mitigation actions. Contributing to broader debates on international climate cooperation, Purdon's findings inform international efforts to support national climate plans and catalyze low-carbon development by emphasizing the importance of domestic politics and the state.

Download or read book Essays on the Political Economy of Climate Change written by Byeong-Hak Choe and published by . This book was released on 2021 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: My dissertation focuses on the political economy of the environment, particularly for climate change. Specifically, I analyze the consequence of climate politics on climate change regulations at national and global levels. The first chapter, "Climate Finance under Conflicts and Renegotiations: A Dynamic Contract Approach," proposes a model of financing two types of climate change projects---adaptation and mitigation---in developing countries. The model in the first chapter considers climate funds (e.g. the Green Climate Fund) as the financial mechanism to provide funding to developing countries. The model demonstrates the consequences of conflicts and renegotiations between rich and poor countries on long-term climate funding dynamics. The second chapter, "Social Media Campaigns, Lobbying and Legislation: Evidence from #climatechange/#globalwarming and Energy Lobbies," estimates the competition between social media campaigns and fossil fuel lobbying on climate change legislation in the U.S., showing that social media contributes to political polarization on climate-unfriendly bills on which the fossil fuel industry exerted the lobbying pressure during the 113-115th U.S. Congresses (2013-2018).

Download or read book Climate Crisis Economics written by Stuart P. M. Mackintosh and published by Routledge. This book was released on 2021-08-31 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate Crisis Economics draws on economics, political economy, scientific literature, and data to gauge the extent to which our various communities – political, economic, business – are making the essential leap to a new narrative and policy approach that will accelerate us towards the necessary transition to a decarbonized economy and sustainable future. The book draws out policies and practices with both national and local examples, which will demonstrate various complementary approaches that are empowering states and people as they seek to pursue the carbon neutral goal. The author delineates a climate crisis economics approach that is fit for purpose and which can help achieve necessary climate change goals in the decades ahead. Ensuring economic and ecological sustainability is neither easy nor cost-free; there is no single solution to the climate crisis. All aspects of our economies, policies, business, and personal practices must come into alignment in order to succeed. Frustratingly, we know what is needed and we have many of the technologies and systems to make the leap to a carbon neutral economy, yet we still fail to act with alacrity. Leaders, communities, and businesses must shift their narratives in how they talk about and think about the climate crisis. In doing so, in making the narrative leap to a new understanding about what is possible and necessary, we can stop endangering our common future and single, fragile, global habitat, and instead set the stage for Green Globalisation 2.0 and a new, sustainable industrial revolution. Climate Crisis Economics will appeal to academics, students, investors, and professionals from varying disciplines including politics, international political economy, and international economics. Written in an accessible voice, it draws on work in fields outside of and in addition to politics and economics to make a case for climate crisis economics as an approach to addressing the climate change challenge ahead. The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license. Thanks to the support of libraries working with Knowledge Unlatched www.knowledgeunlatched.org

Download or read book Political Economy of International Climate Finance Navigating Decisions in PPCR and SREP written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Political Economy of Sustainable Development written by Timothy Cadman and published by Edward Elgar Publishing. This book was released on 2015-11-27 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the Rio ‘Earth’ Summit of 1992, sustainable development has become the major policy response to tackling global environmental degradation, from climate change to loss of biodiversity and deforestation. Market instruments such as emissions trading, payments for ecosystem services and timber certification have become the main mechanisms for financing the sustainable management of the earth’s natural resources. Yet how effective are they – and do they help the planet and developing countries, or merely uphold the economic status quo? This book investigates these important questions. Providing a comprehensive analysis and the latest research on sustainable development, the authors compare the divergent approaches to emissions trading. Included is a detailed investigation into illegal logging and the effectiveness of policy responses, with an evaluation of different forest certification schemes. Biodiversity offsets and environmental payments are also explored. Integral to the book are interviews and opinions of the key stakeholders in the political economy of sustainable development. This uniquely comprehensive analysis of the governance quality of different sustainable development mechanisms, unprecedented in its panorama of comparative case studies, is essential reading for all those in the policy, academic and non-governmental communities.

Download or read book Deepening Readiness for Climate Finance written by Neha Rai and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The National System of Political Economy written by Friedrich List and published by . This book was released on 1904 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financing Climate Resilient Infrastructure A Political Economy Framework written by Peter B. Meyer and published by . This book was released on 2019 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Urban infrastructure investment is needed for both, mitigation of climate risks and improved urban resiliency. Financing them requires the translation of those benefits into measurable returns on investment in the context of emerging risks that capital markets can understand and appreciate. This paper develops a generic framework to identify what are the necessary and sufficient factors to economically favor climate-change resilient infrastructure in private investment decisions. We specifically demonstrate that carbon pricing alone will not generate the needed will, because market prices at present systematically fail to account for climate change risks such as the costs of stranded assets and the national and local co-benefits of investments in climate resiliency. Carbon pricing is necessary, but not sufficient for an enhanced private financing of climate-resilient infrastructure. The Paris Agreement and other supra-local policies and actors including city networks can concretely

Download or read book The Economisation of Climate Change written by Jakob Skovgaard and published by . This book was released on 2021-03 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "The year 2019 saw the emergence of an unlikely duo consisting of the Managing Director of the International Monetary Fund (IMF) Christine Lagarde1 and broadcaster and environmentalist Sir David Attenborough. They discussed the relationship between nature and the economy in a panel session, a podcast and an article (Attenborough and Lagarde, 2019, Atttenborough and Lagarde, 2019). In the latter, they stated 'We must treat the natural world as we would the economic world ... This is something economists can appreciate - the importance of minimizing waste, taking advantage of efficiencies, and accurately reflecting costs in prices, including costs imposed on our entire shared resource, the environment'. Elsewhere the same year, Lagarde also stated the importance of nature and of the existential threat of climate change and called for carbon pricing and fossil fuel subsidy reform as solutions to the climate crisis (Lagarde and Gaspar, 2019). This was notable coming from the Managing Director of an international institution focused on economic issues and criticised for ignoring other issues than economic growth and stability. The statement highlighted a wider trend of climate change being addressed within institutions concerned with economic issues"--

Download or read book Negotiating Climate Change in Crisis written by Steffen Böhm and published by Open Book Publishers. This book was released on 2021-09-28 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change negotiations have failed the world. Despite more than thirty years of high-level, global talks on climate change, we are still seeing carbon emissions rise dramatically. This edited volume, comprising leading and emerging scholars and climate activists from around the world, takes a critical look at what has gone wrong and what is to be done to create more decisive action. Composed of twenty-eight essays—a combination of new and republished texts—the anthology is organised around seven main themes: paradigms; what counts?; extraction; dispatches from a climate change frontline country; governance; finance; and action(s). Through this multifaceted approach, the contributors ask pressing questions about how we conceptualise and respond to the climate crisis, providing both ‘big picture’ perspectives and more focussed case studies. This unique and extensive collection will be of great value to environmental and social scientists alike, as well as to the general reader interested in understanding current views on the climate crisis.

Download or read book The Political Economy of Global Warming written by Del Weston and published by Routledge. This book was released on 2014-04-11 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: Humanity is facing an unprecedented global catastrophe as a result of global warming. This book examines the reasons why international agencies, together with national governments, are seemingly unable to provide real and binding solutions to the problems. The reasons presented relate to the existing dominant global economic structure of capitalism as well as the fact that global warming is too often seen as an isolated problem rather than one of a suite of exceptional, converging and accelerating crises arising from the global capitalist political economy. This book adopts a political economy framework to address these issues. It accepts the science of global warming but challenges the predominant politics and economics of global warming. To illustrate the key issues involved, the book draws on South Africa – building on Samir Amin’s thesis that the country represents a microcosm of the global political economy. By taking a political economy approach, the book provides a clear explanation of the deep and pervasive problem of the denial which fails to acknowledge global warming as a systemic rather than a market problem. The book should be of interest to students and scholars researching climate change, environmental politics, environmental and ecological economics, development studies and political economics.

Download or read book The Political Economy of Climate Change Adaptation written by Benjamin K. Sovacool and published by Springer. This book was released on 2016-04-29 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on concepts in political economy, political ecology, justice theory, and critical development studies, the authors offer the first comprehensive, systematic exploration of the ways in which adaptation projects can produce unintended, undesirable results. This work is on the Global Policy: Next Generation list of six key books for understanding the politics of global climate change.

Download or read book Macroeconomic and Financial Policies for Climate Change Mitigation A Review of the Literature written by Signe Krogstrup and published by International Monetary Fund. This book was released on 2019-09-04 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy instruments. Some tools and policies raise unanswered questions about policy tool assignment and mandates, which we describe. The literature is scarce, however, on the most effective policy mix and the role of mitigation tools and goals in the overall policy framework.