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Where are the gaps in climate finance?

Author

Listed:
  • Fankhauser, Samuel
  • Sahni, Aditi
  • Savvas, Annie
  • Ward, John

Abstract

Climate change cannot be addressed unless developed and developing countries alike invest heavily in low-carbon technologies and climate-resilient practices. Access to finance has therefore become central to climate change policy. In this Viewpoint we review likely climate investment needs and ask where the main financing gaps might be. We argue that besides the usual analysis of mitigation and adaptation needs, it is important to also gauge the ability of investors to mobilize the required funds. Some investors, whether public and private, will find it harder than others to raise capital, and so a rough

Suggested Citation

  • Fankhauser, Samuel & Sahni, Aditi & Savvas, Annie & Ward, John, 2016. "Where are the gaps in climate finance?," LSE Research Online Documents on Economics 64179, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:64179
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    File URL: http://eprints.lse.ac.uk/64179/
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    References listed on IDEAS

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    1. Agrawala, Shardul & Bosello, Francesco & Carraro, Carlo & de Cian, Enrica & Lanzi, Elisa, 2011. "Adapting to Climate Change: Costs, Benefits, and Modelling Approaches," International Review of Environmental and Resource Economics, now publishers, vol. 5(3), pages 245-284, August.
    2. Gunnar Luderer & Valentina Bosetti & Michael Jakob & Marian Leimbach & Jan Steckel & Henri Waisman & Ottmar Edenhofer, 2012. "The economics of decarbonizing the energy system—results and insights from the RECIPE model intercomparison," Climatic Change, Springer, vol. 114(1), pages 9-37, September.
    3. Francesco Bosello & Carlo Carraro & Enrica De Cian, 2010. "Climate Policy And The Optimal Balance Between Mitigation, Adaptation And Unavoided Damage," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 1(02), pages 71-92.
    4. Urvashi Narain & Sergio Margulis & Timothy Essam, 2011. "Estimating costs of adaptation to climate change," Climate Policy, Taylor & Francis Journals, vol. 11(3), pages 1001-1019, May.
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    Cited by:

    1. Martin Henseler & Ingmar Schumacher, 2019. "The impact of weather on economic growth and its production factors," Climatic Change, Springer, vol. 154(3), pages 417-433, June.
    2. Chirambo, Dumisani, 2018. "Towards the achievement of SDG 7 in sub-Saharan Africa: Creating synergies between Power Africa, Sustainable Energy for All and climate finance in-order to achieve universal energy access before 2030," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 600-608.
    3. Mariana Reis Maria & Rosangela Ballini & Roney Fraga Souza, 2023. "Evolution of Green Finance: A Bibliometric Analysis through Complex Networks and Machine Learning," Sustainability, MDPI, vol. 15(2), pages 1-23, January.
    4. Miren Gutiérrez & Guillermo Gutiérrez, 2019. "Climate Finance: Perspectives on Climate Finance from the Bottom Up," Development, Palgrave Macmillan;Society for International Deveopment, vol. 62(1), pages 136-146, December.
    5. Adrian Robert Bazbauers, 2022. "Translating climate strategies into action: An analysis of the sustainable, green, and resilient city action plans of the multilateral development banks," Development Policy Review, Overseas Development Institute, vol. 40(2), March.

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    More about this item

    Keywords

    adaptation financing; climate change; climate policy; climate finance;
    All these keywords.

    JEL classification:

    • F3 - International Economics - - International Finance
    • G3 - Financial Economics - - Corporate Finance and Governance

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    This paper has been announced in the following NEP Reports:

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