IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/118281.html
   My bibliography  Save this paper

Greening the Future: Mobilizing Environmental Finance for Sustainable Development in Developing Countries

Author

Listed:
  • Yeboah, Samuel
  • Boateng Prempeh, Kwadwo

Abstract

This systematic review explores the role of environmental finance in advancing sustainable development in developing countries through the implementation of green growth strategies. Environmental finance involves the allocation of financial resources to support projects aimed at mitigating environmental challenges and promoting a transition towards a greener economy. The review examines various sources of environmental finance, including public, private, and international funding mechanisms, and assesses their effectiveness in funding initiatives that address climate change, conservation, and sustainable economic growth. The study also highlights challenges and opportunities associated with mobilizing environmental finance in developing nations, emphasizing the need for innovative financing mechanisms, capacity building, and international collaboration. By analysing empirical evidence and case studies, this review contributes to a comprehensive understanding of how environmental finance can play a pivotal role in shaping the sustainable development trajectory of developing countries.

Suggested Citation

  • Yeboah, Samuel & Boateng Prempeh, Kwadwo, 2023. "Greening the Future: Mobilizing Environmental Finance for Sustainable Development in Developing Countries," MPRA Paper 118281, University Library of Munich, Germany, revised 11 Aug 2023.
    • Handle: RePEc:pra:mprapa:118281
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/118281/1/ENVIORNMENTAL%20FINANCE%20DRAFT%20PAPER%20FOR%20MPRA.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Pedro Linares & Xavier Labandeira, 2010. "Energy Efficiency: Economics And Policy," Journal of Economic Surveys, Wiley Blackwell, vol. 24(3), pages 573-592, July.
    2. Frank Biermann & Olwen Davies & Nicolien Grijp, 2009. "Environmental policy integration and the architecture of global environmental governance," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 9(4), pages 351-369, November.
    3. Mbeva, Kennedy Liti & Pauw, Pieter, 2016. "Self-differentiation of countries’ responsibilities: addressing climate change through intended nationally determined contributions," IDOS Discussion Papers 4/2016, German Institute of Development and Sustainability (IDOS).
    4. Samuel Ribeiro-Navarrete & Juan Piñeiro-Chousa & M. Ángeles López-Cabarcos & Daniel Palacios-Marqués, 2022. "Crowdlending: mapping the core literature and research frontiers," Review of Managerial Science, Springer, vol. 16(8), pages 2381-2411, November.
    5. Bonnie Burnham, 2022. "A Blended Finance Framework for Heritage-Led Urban Regeneration," Land, MDPI, vol. 11(8), pages 1-16, July.
    6. Anita Breuer & Hannah Janetschek & Daniele Malerba, 2019. "Translating Sustainable Development Goal (SDG) Interdependencies into Policy Advice," Sustainability, MDPI, vol. 11(7), pages 1-20, April.
    7. Temidayo Olabode Akenroye & Håvard Mokleiv Nygård & Ama Eyo, 2018. "Towards implementation of sustainable development goals (SDG) in developing nations: A useful funding framework," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 21(1), pages 3-8, March.
    8. Mario Vaupel & David Bendig & Denise Fischer-Kreer & Malte Brettel, 2023. "The Role of Share Repurchases for Firms’ Social and Environmental Sustainability," Journal of Business Ethics, Springer, vol. 183(2), pages 401-428, March.
    9. Aidy Halimanjaya, 2015. "Climate mitigation finance across developing countries: what are the major determinants?," Climate Policy, Taylor & Francis Journals, vol. 15(2), pages 223-252, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Löschel, Andreas & Pothen, Frank & Schymura, Michael, 2015. "Peeling the onion: Analyzing aggregate, national and sectoral energy intensity in the European Union," Energy Economics, Elsevier, vol. 52(S1), pages 63-75.
    2. Yingying Zhou & Zhuoqing Fang & Nan Li & Xueyan Wu & Yuehan Du & Zonghan Liu, 2019. "How Does Financial Development Affect Reductions in Carbon Emissions in High-Energy Industries?—A Perspective on Technological Progress," IJERPH, MDPI, vol. 16(17), pages 1-25, August.
    3. Ingrid Boas & Frank Biermann & Norichika Kanie, 2016. "Cross-sectoral strategies in global sustainability governance: towards a nexus approach," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 16(3), pages 449-464, June.
    4. Arik Levinson, 2017. "Energy Intensity: Prices, Policy, or Composition in US States," Working Papers gueconwpa~17-17-04, Georgetown University, Department of Economics.
    5. Andreas Wagner & Denise Fischer‐Kreer, 2024. "The role of CEO regulatory focus in increasing or reducing corporate carbon emissions," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 1051-1065, February.
    6. Hanna Dudek & Joanna Myszkowska-Ryciak & Agnieszka Wojewódzka-Wiewiórska, 2021. "Profiles of Food Insecurity: Similarities and Differences across Selected CEE Countries," Energies, MDPI, vol. 14(16), pages 1-19, August.
    7. Sébastien Foudi, 2024. "Are risk attitude, impatience, and impulsivity related to the individual discount rate? Evidence from energy-efficient durable goods," Theory and Decision, Springer, vol. 96(4), pages 627-661, June.
    8. Björn Mestdagh & Olivier Sempiga & Luc Van Liedekerke, 2023. "The Impact of External Shocks on the Sustainable Development Goals (SDGs): Linking the COVID-19 Pandemic to SDG Implementation at the Local Government Level," Sustainability, MDPI, vol. 15(7), pages 1-18, April.
    9. Liping Liao & Chukun Huang & Minzhe Du, 2022. "The Effect of Energy Quota Trading on Energy Saving in China: Insight from a Quasi-Natural Experiment," Energies, MDPI, vol. 15(22), pages 1-17, November.
    10. Papineau, Maya, 2017. "Setting the standard? A framework for evaluating the cost-effectiveness of building energy standards," Energy Economics, Elsevier, vol. 64(C), pages 63-76.
    11. Louis-Gaëtan Giraudet & Antoine Missemer, 2019. "The Economics of Energy Efficiency, a Historical Perspective," CIRED Working Papers halshs-02301636, HAL.
    12. Chad M. Baum & Christian Gross, 2017. "Sustainability policy as if people mattered: developing a framework for environmentally significant behavioral change," Journal of Bioeconomics, Springer, vol. 19(1), pages 53-95, April.
    13. Adam J. M. Devenish & Petra Schmitter & Nugun. P. Jellason & Nafeesa Esmail & Nur M. Abdi & Selase K. Adanu & Barbara Adolph & Maha Al-Zu’bi & Amali A. Amali & Jennie Barron & Abbie S. A. Chapman & Al, 2023. "One Hundred Priority Questions for the Development of Sustainable Food Systems in Sub-Saharan Africa," Land, MDPI, vol. 12(10), pages 1-23, October.
    14. E. Denny, 2022. "Long-term Energy Cost Labelling for Appliances: Evidence from a Randomised Controlled Trial in Ireland," Journal of Consumer Policy, Springer, vol. 45(3), pages 369-409, September.
    15. J. Timmons Roberts & Romain Weikmans, 2017. "Postface: fragmentation, failing trust and enduring tensions over what counts as climate finance," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 17(1), pages 129-137, February.
    16. Salisu Barau, Aliyu & Stringer, Lindsay C., 2015. "Access to and allocation of ecosystem services in Malaysia's Pulau Kukup Ramsar Site," Ecosystem Services, Elsevier, vol. 16(C), pages 167-173.
    17. M. del Mar Solà & A. de Ayala & I. Galarraga, 2021. "The Effect of Providing Monetary Information on Energy Savings for Household Appliances: A Field Trial in Spain," Journal of Consumer Policy, Springer, vol. 44(2), pages 279-310, June.
    18. Beccarello, Massimo & Di Foggia, Giacomo, 2023. "Meeting decarbonization targets: Techno-economic insights from the Italian scenario," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 2.
    19. Fang, Wen Shwo & Miller, Stephen M. & Yeh, Chih-Chuan, 2012. "The effect of ESCOs on energy use," Energy Policy, Elsevier, vol. 51(C), pages 558-568.
    20. Agnieszka Sompolska-Rzechuła & Agnieszka Kurdyś-Kujawska, 2021. "Towards Understanding Interactions between Sustainable Development Goals: The Role of Climate-Well-Being Linkages. Experiences of EU Countries," Energies, MDPI, vol. 14(7), pages 1-20, April.

    More about this item

    Keywords

    Environmental finance; green growth strategies; sustainable development; developing countries; funding mechanisms; climate finance; renewable energy; sustainable agriculture; international cooperation; financial innovation;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:118281. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.