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Financing greener and climate-resilient infrastructure in developing countries - challenges and opportunities

Author

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  • Fay, Marianne

    (The World Bank)

  • Iimi, Atsushi

    (The World Bank)

  • Perrissin-Fabert, Baptiste

    (The World Bank)

Abstract

Developing countries are faced with a substantial and persistent infrastructure deficit. Climate change complicates this challenge, affcting the way we design and manage infrastructure (defined here as transport, power, water and sanitation) and increasing costs. But all s not negative: Climate change affects both the economic and financial analysis of infrastructure projects in a way that could help achieve long-pursued but elusive goals, such as better maintenance and greener, more efficient design. Further, climate finance could bring additional financing, although that will require increasing the scale of available resources and addressing the fact that climate finance tends to provide ex post financing, ill-suited to a sector characterized by a need for substantial ex ante funding.

Suggested Citation

  • Fay, Marianne & Iimi, Atsushi & Perrissin-Fabert, Baptiste, 2010. "Financing greener and climate-resilient infrastructure in developing countries - challenges and opportunities," EIB Papers 7/2010, European Investment Bank, Economics Department.
    • Handle: RePEc:ris:eibpap:2010_007
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    References listed on IDEAS

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    Cited by:

    1. Ruiz Nunez,Fernanda & Wei,Zichao, 2015. "Infrastructure investment demands in emerging markets and developing economies," Policy Research Working Paper Series 7414, The World Bank.
    2. Giordano, Thierry, 2012. "Adaptive planning for climate resilient long-lived infrastructures," Utilities Policy, Elsevier, vol. 23(C), pages 80-89.
    3. Grégoire Garsous, 2011. "On Clean Technology Diffusion Mechanisms," Working Papers ECARES ECARES 2011-013, ULB -- Universite Libre de Bruxelles.
    4. Taylor, Michael A.P. & Philp, Michelle L., 2015. "Investigating the impact of maintenance regimes on the design life of road pavements in a changing climate and the implications for transport policy," Transport Policy, Elsevier, vol. 41(C), pages 117-135.

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    More about this item

    Keywords

    Infrastructure finance; Developing countries; Climate change; Adaptation; Mitigation; Inertia; Uncertainty;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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