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Bilateral transfers and lending in international environmental cooperation

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  • Kari Alho

Abstract

The paper analyzes environmental lending and transfers in a two country general equilibrium framework. The lender country chooses specific environmental investments which it finances in the neighbour country on the basis of the returns they generate for the lender. The gains from this kind of international environmental financing are illustrated with a numerical calibration of the model showing that the gains to the lender country may be fairly sizable in relation to the expenditure directed currently towards environmental protection. These gains, however, essentially depend on the terms of the environmental financing. We also find that debt-for-nature swaps do not in general produce efficient environmental protection if applied uniformly in international environmental financing. Copyright Kluwer Academic Publishers 1992

Suggested Citation

  • Kari Alho, 1992. "Bilateral transfers and lending in international environmental cooperation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 2(2), pages 201-220, March.
    • Handle: RePEc:kap:enreec:v:2:y:1992:i:2:p:201-220
    DOI: 10.1007/BF00338243
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    References listed on IDEAS

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    1. Strand, Jon, 1992. "Foreign aid, capital accumulation, and developing country resource extraction," Journal of Development Economics, Elsevier, vol. 38(1), pages 147-163, January.
    2. Strand, Jon, 1995. "Lending terms, debt concessions, and developing countries' resource extraction," Resource and Energy Economics, Elsevier, vol. 17(2), pages 99-117, August.
    3. repec:bla:scandj:v:94:y:1992:i:3:p:409-24 is not listed on IDEAS
    4. Hoel, Michael, 1991. "Global environmental problems: The effects of unilateral actions taken by one country," Journal of Environmental Economics and Management, Elsevier, vol. 20(1), pages 55-70, January.
    5. Hansen, Stein, 1989. "Debt for nature swaps -- Overview and discussion of key issues," Ecological Economics, Elsevier, vol. 1(1), pages 77-93, February.
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