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Rebalancing climate finance : analysing multilateral development banks' allocation practices
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dc.contributor.author | Xie, Lina | |
dc.contributor.author | Scholtens, Bert | |
dc.contributor.author | Homroy, Swarnodeep | |
dc.date.accessioned | 2023-05-30T09:30:06Z | |
dc.date.available | 2023-05-30T09:30:06Z | |
dc.date.issued | 2023-07-01 | |
dc.identifier | 286861196 | |
dc.identifier | dd3df21e-6d66-4999-a2f3-a69975155dbf | |
dc.identifier | 85160264433 | |
dc.identifier.citation | Xie , L , Scholtens , B & Homroy , S 2023 , ' Rebalancing climate finance : analysing multilateral development banks' allocation practices ' , Energy Research and Social Science , vol. 101 , 103127 . https://doi.org/10.1016/j.erss.2023.103127 | en |
dc.identifier.issn | 2214-6296 | |
dc.identifier.other | RIS: urn:140D0C65B879E820283006AA8146901A | |
dc.identifier.other | ORCID: /0000-0001-5774-5191/work/136288620 | |
dc.identifier.uri | https://hdl.handle.net/10023/27697 | |
dc.description | Funding: Lina Xie thanks the financial support from the China Scholarship Council. The authors did not receive specific funding for this research project. | en |
dc.description.abstract | This paper provides novel evidence on the climate financing practices of Multilateral Development Banks (MDBs) and their long-term social and climate consequences. We find that the majority of MDB climate finance is for mitigation projects, concentrated in a few relatively wealthy countries, and positively correlates with countries' greenhouse gas emissions but not with their vulnerability to climate risks. A transition towards a more equal allocation between mitigation and adaptation can substantially reduce global climate vulnerability for an additional 1.9 billion people without significant changes in the annualized growth rate of emissions. Our results contribute to the discussion on global equity in climate finance allocation and the societal impact of climate change. | |
dc.format.extent | 20 | |
dc.format.extent | 5499865 | |
dc.language.iso | eng | |
dc.relation.ispartof | Energy Research and Social Science | en |
dc.subject | Climate finance | en |
dc.subject | Multilateral development banks | en |
dc.subject | Emissions | en |
dc.subject | Vulnerability | en |
dc.subject | HG Finance | en |
dc.subject | GE Environmental Sciences | en |
dc.subject | NDAS | en |
dc.subject | SDG 13 - Climate Action | en |
dc.subject | MCC | en |
dc.subject.lcc | HG | en |
dc.subject.lcc | GE | en |
dc.title | Rebalancing climate finance : analysing multilateral development banks' allocation practices | en |
dc.type | Journal article | en |
dc.contributor.institution | University of St Andrews. Centre for Energy Ethics | en |
dc.contributor.institution | University of St Andrews. Centre for Responsible Banking and Finance | en |
dc.contributor.institution | University of St Andrews. School of Management | en |
dc.identifier.doi | 10.1016/j.erss.2023.103127 | |
dc.description.status | Peer reviewed | en |
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