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Climate Finance Effectiveness: A Comparative Analysis of Geothermal Development in Indonesia and the Philippines

In light of commitments made under the UNFCCC Paris Agreement and Glasgow Climate Pact, trillions of dollars are needed to fund climate mitigation and adaptation in developing countries. However, few studies have investigated the effectiveness of climate finance or how it impacts barriers to renewab...

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Autor principal: Chelminski, Kathryn
Formato: Online Artículo Texto
Lenguaje:English
Publicado: SAGE Publications 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9082974/
https://www.ncbi.nlm.nih.gov/pubmed/35557746
http://dx.doi.org/10.1177/10704965211070034
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author Chelminski, Kathryn
author_facet Chelminski, Kathryn
author_sort Chelminski, Kathryn
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description In light of commitments made under the UNFCCC Paris Agreement and Glasgow Climate Pact, trillions of dollars are needed to fund climate mitigation and adaptation in developing countries. However, few studies have investigated the effectiveness of climate finance or how it impacts barriers to renewable energy development in recipient countries. This article contributes to the literature by investigating climate finance effectiveness through comparative case study analysis of its impacts on geothermal development in Indonesia and the Philippines. The article finds that three mechanisms of climate finance—utility modifier, social learning and capacity building—work interdependently in impacting the financial, regulatory, and technical barriers to geothermal development in Indonesia and the Philippines but are individually insufficient to scale the industry; political will and energy shocks play a significant intervening role. This paper raises policy implications for climate finance effectiveness and renewable energy technology deployment in developing countries.
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spelling pubmed-90829742022-05-10 Climate Finance Effectiveness: A Comparative Analysis of Geothermal Development in Indonesia and the Philippines Chelminski, Kathryn J Environ Dev Articles In light of commitments made under the UNFCCC Paris Agreement and Glasgow Climate Pact, trillions of dollars are needed to fund climate mitigation and adaptation in developing countries. However, few studies have investigated the effectiveness of climate finance or how it impacts barriers to renewable energy development in recipient countries. This article contributes to the literature by investigating climate finance effectiveness through comparative case study analysis of its impacts on geothermal development in Indonesia and the Philippines. The article finds that three mechanisms of climate finance—utility modifier, social learning and capacity building—work interdependently in impacting the financial, regulatory, and technical barriers to geothermal development in Indonesia and the Philippines but are individually insufficient to scale the industry; political will and energy shocks play a significant intervening role. This paper raises policy implications for climate finance effectiveness and renewable energy technology deployment in developing countries. SAGE Publications 2022-02-23 2022-06 /pmc/articles/PMC9082974/ /pubmed/35557746 http://dx.doi.org/10.1177/10704965211070034 Text en © The Author(s) 2022 https://creativecommons.org/licenses/by-nc/4.0/This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page (https://us.sagepub.com/en-us/nam/open-access-at-sage).
spellingShingle Articles
Chelminski, Kathryn
Climate Finance Effectiveness: A Comparative Analysis of Geothermal Development in Indonesia and the Philippines
title Climate Finance Effectiveness: A Comparative Analysis of Geothermal Development in Indonesia and the Philippines
title_full Climate Finance Effectiveness: A Comparative Analysis of Geothermal Development in Indonesia and the Philippines
title_fullStr Climate Finance Effectiveness: A Comparative Analysis of Geothermal Development in Indonesia and the Philippines
title_full_unstemmed Climate Finance Effectiveness: A Comparative Analysis of Geothermal Development in Indonesia and the Philippines
title_short Climate Finance Effectiveness: A Comparative Analysis of Geothermal Development in Indonesia and the Philippines
title_sort climate finance effectiveness: a comparative analysis of geothermal development in indonesia and the philippines
topic Articles
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9082974/
https://www.ncbi.nlm.nih.gov/pubmed/35557746
http://dx.doi.org/10.1177/10704965211070034
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