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 Political Economies of Energy Transition written by Kathryn Hochstetler and published by Cambridge University Press. This book was released on 2020-11-26 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shows that economic concerns about jobs, costs, and consumption, rather than climate change, are likely to drive energy transition in developing countries.
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 Development Finance written by Eliza Massi and published by . This book was released on 2014 with total page 682 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Political Economy of Lula s Brazil written by Pedro Chadarevian and published by Routledge. This book was released on 2020-08-14 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Political Economy of Lula's Brazil describes the social, political and economic transformations that led to increased interest in the tropical giant at the start of the 21st century. This volume demonstrates that Brazil's rise was the result of the adoption of heterodox economic policies, while also highlighting the obstacles to choosing an egalitarian development path in Latin America. Adopting an innovative perspective in terms of methodology and interpretation, contributors from Brazil, Latin America and France follow a non-dogmatic critical approach in order to explain the institutional changes that made a new cycle of development possible in Brazil. The authors also argue that the evolution of Brazil, following the implementation of leftist policies, paradoxically gave birth to several economic, political and environmental contradictions. They contend that these contradictions, including the falling rate of profit linked to the full employment of resources; the redistributive process seen as a menace by the conservative middle classes; and the growing intervention of the state in the different markets, eventually led to the end of the early 21st century development cycle. Providing clues to understanding the contradictory and painful path towards the development of semi-industrialised countries, this book will interest students and academics in the fields of economics, sociology, history and political science. The story it tells may also interest all those searching for independent analysis of the successes and failures of Lula's Brazil.
Download or read book Handbook on International Political Economy written by Ralph Pettman and published by World Scientific. This book was released on 2012 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: International political economy (IPE) is a highly complex discipline, drawing not only from the fields of politics and economics, but also those as varied as philosophy, history and anthropology. Now widely accepted as a key dimension to contemporary world affairs, it is no longer possible to talk about international relations without talking about production and distribution, finance and investment, as well as consumption and trade. To ensure that our understanding of these topics is relevant to today's world, there is a constant need to revisit and challenge what is known about these topics. Besides being a comprehensive account of international political economy for academic study, this extensive collection also highlights salient issues that scholars, analysts and state leaders are most concerned with in today's world. Amongst these are issues concerning the rise of China and India as new economic superpowers, stability in the EU's political economy, the viability of the existing multilateral system of global trade, recent financial crises, as well as the impact of globalisation and marketisation on the world's workers and our physical environment. With contributions from prominent academics such as Susan K Sell (George Washington University, D.C.) and Geoffrey Blainey (Professor Emeritus, University of Melbourne), this volume makes for both a stimulating and thought-provoking read.
Download or read book Brazil as an Economic Superpower written by Lael Brainard and published by Rowman & Littlefield. This book was released on 2009-09-01 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Brazil, the confluence of strong global demand for the country's major products, global successes for its major corporations, and steady results from its economic policies is building confidence and even reviving dreams of grandeza—the greatness that has proven elusive in the past. Even as the current economic crisis tempers expectations of the future, the trends identified in this book suggest that Brazil will continue its path toward becoming a leading economic power in the future. Once seen as an economic backwater, Brazil now occupies key niches in energy, agriculture, service industries, and even high technology. Yet Latin America's largest nation still struggles with endemic inequality issues and deep-seated ambivalence toward global economic integration. Scholars and policy practitioners from Brazil, the United States, and Europe recently gathered to investigate the present state and likely future of the Brazilian economy. This important volume is the timely result. In Brazil as an Economic Superpower? international authorities focus on five key topics: agribusiness, energy, trade, social investment, and multinational corporations. Their analyses and expertise provide not only a unique and authoritative picture of the Brazilian economy but also a useful lens through which to view the changing global economy as a whole.
Download or read book The Political Economy of Agricultural Booms written by Mariano Turzi and published by Springer. This book was released on 2016-11-15 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an in-depth analysis of the political economy of soybean production in Brazil, Argentina and Paraguay, by identifying the dominant private and public actors and control mechanisms that have given rise to a corporate-driven, vertically integrated system of regionalized agricultural production in the Southern Cone of South America. The current agricultural boom surrounding soybean production has been aided by aggressive new agro-technologies, including biotechnology, leading to massive organizational changes in the agricultural sector and a significant rise in the power of special interest groups and corporations. Despite having similar initial production conditions, the pattern of economic activity surrounding soybean production in Brazil, Argentina and Paraguay, continues to be largely determined by the needs of the multinational corporations involved, rather than national considerations of comparative advantage. The author uses these findings to argue that the new international model of agricultural production empowers chemical and trading multinational companies over national governments.
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.
Download or read book Great Powers Climate Change and Global Environmental Responsibilities written by Robert Falkner and published by Oxford University Press. This book was released on 2022-01-10 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first of its kind to examine the role of great powers in the international politics of climate change. It develops a novel analytical framework for studying environmental power in international relations, what counts as a great power in the environmental field, and what their special environmental responsibilities are. In doing so, the book connects International Relations (IR) debates on power inequality, great powers and great power management, with global environmental politics (GEP) scholarship. The book brings together leading scholars in IR and GEP whose contributions focus on major environmental powers (United States, China, European Union, India, Brazil, Russia) and international institutions and issue areas (UN Security Council, multilateral environmental agreements, international climate leadership, coal politics). The contributors to this volume examine how individual great powers have responded to the global climate challenge and whether they have accepted a special responsibility for stabilizing the global climate. They place emerging discourses on great power responsibility in the context of wider debates about international environmental leadership and climate change securitization. And they provide new insights into how international power inequality intersects with the global ecological crisis, and what special role great powers could and should play in the international fight against global warming.
Download or read book The Oxford Handbook of Latin American Political Economy written by Javier Santiso and published by OUP USA. This book was released on 2012-05-09 with total page 633 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding Latin America's recent economic performance calls for a multidisciplinary analysis. This handbook looks at the interaction of economics and politics in the region and includes a number of contributions from top academic experts who have also served as key policy makers (a former president, ministers of finance, a central bank governor), reflecting upon the challenges of reform.
Download or read book Comparative Environmental Politics written by Paul F. Steinberg and published by MIT Press. This book was released on 2012 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: Combining the theoretical tools of comparative politics with the substantive concerns of environmental policy, experts explore responses to environmental problems across nations and political systems.
Download or read book Seychelles written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2017-06-20 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes stock of Seychelles’ plans to manage climate change, from the perspective of its macroeconomic implications. It suggests macro-relevant reforms that could strengthen the plans’ likelihood of success. It highlights high public awareness and a body of existing sustainable development planning, which puts Seychelles several steps ahead toward preparedness. Next steps would be to ensure that climate change planning is integrated with the forthcoming National Development Plan. Disaster preparedness is a relatively strong point, but there is much still to be done—from improving warning systems to resilience building to contingency financing.
Download or read book Finance Development December 2019 written by International Monetary Fund. Communications Department and published by International Monetary Fund. This book was released on 2019-12-06 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This issue of Finance & Development looks at the economic and financial impact of climate policy choices. It points to concrete solutions that offer growth opportunities, driven by technological innovation, sustainable investment, and a dynamic private sector. The private sector can stop supporting or subsidizing industries and activities that damage the planet and instead invest in sustainable development. Governments can roll out policies to fight climate change and the destruction of nature. The paper highlights that technological change and innovations are central to longer-term efforts to mitigate climate change by developing alternatives to fossil fuels. A new, sustainable financial system is under construction. It is funding the initiatives and innovations of the private sector and amplifying the effectiveness of governments’ climate policies—it could even accelerate the transition to a low-carbon economy. The Bank of England’s latest survey finds that almost three-quarters of banks are starting to treat the risks from climate change like other financial risks—rather than viewing them simply as a corporate social responsibility. Banks have begun to consider the most immediate physical risks to their business models—from the exposure of mortgage books to flood risk to the impact of extreme weather events on sovereign risk.
Download or read book Climate Finance Theory And Practice written by Anil Markandya and published by World Scientific. This book was released on 2017-01-05 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: How is the struggle against climate change financed? Climate Finance: Theory and Practice gives an overview of the key debates that have emerged in the field of climate finance, including those concerned with efficiency, equity, justice, and contribution to the public good between developed and developing countries. With the collaboration of internationally renowned experts in the field of climate finance, the authors of this book highlight the importance of climate finance, showing the theoretical aspects that influence it, and some practices that are currently being implemented or have been proposed to finance mitigation and adaptation policies in the developed and developing world.
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 Climate Finance written by Richard B. Stewart and published by NYU Press. This book was released on 2009-11 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Preventing risks of severe damage from climate change not only requires deep cuts in developed country greenhouse gas emissions, but enormous amounts of public and private investment to limit emissions while promoting green growth in developing countries. While attention has focused on emissions limitations commitments and architectures, the crucial issue of what must be done to mobilize and govern the necessary financial resources has received too little consideration. In Climate Finance, a leading group of policy experts and scholars shows how effective mitigation of climate change will depend on a complex mix of public funds, private investment through carbon markets, and structured incentives that leave room for developing country innovations. This requires sophisticated national and global regulation of cap-and-trade and offset markets, forest and energy policy, international development funding, international trade law, and coordinated tax policy. Thirty-six targeted policy essays present a succinct overview of the emerging field of climate finance, defining the issues, setting the stakes, and making new and comprehensive proposals for financial, regulatory, and governance mechanisms that will enrich political and policy debate for many years to come. The complex challenges of climate finance will continue to demand fresh insights and creative approaches. The ideas in this volume mark out starting points for essential institutional and policy innovations.
