Transformational Climate Finance: Donors'Willingness to Support Deep and Transformational Greenhouse Gas Emissions Reductions in Lower-Income Countries

J. Strand
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引用次数: 3

Abstract

This paper uses simple analytical models to study high-income donor countries' willingness to pay to supply mitigation finance to low-income countries; how this depends on modality for finance supply; and how it changes as the global greenhouse gas mitigation agenda moves forward. The paper focuses on two modalities: transformational project-based mitigation finance (transitioning from fossil to non-fossil energy use at scale), and transformational policy-based mitigation finance support (implementing comprehensive carbon taxation). These modalities are compared with conventional finance for which donors have lower willingness to pay. High-income countries' willingness to pay is higher when mitigation is combined with carbon taxation; private-sector finance is also more highly incentivized. Reaching the transformational mitigation finance stage can be challenging, as it may require large provision of mitigation finance with negative net returns to high-income countries. Willingness to pay will be higher when high-income countries collaborate in the provision of mitigation finance. The findings show that more effective collaboration can be sustained when it is enforced by an international financial institution that collects and spends the provided mitigation finance to induce efficient mitigation activity in low-income countries and collaboration among donors is enforced by simple tit-for-tat reaction strategies.
转型气候融资:捐助方支持低收入国家温室气体深度减排和转型减排的意愿
本文采用简单的分析模型研究了高收入捐助国向低收入国家提供缓解融资的支付意愿;这如何取决于金融供给方式;以及它如何随着全球温室气体减排议程的推进而变化。本文重点讨论了两种模式:基于转型项目的缓解融资(大规模从化石能源使用向非化石能源使用过渡)和基于转型政策的缓解融资支持(实施综合碳税)。这些模式与传统融资相比,捐助者支付意愿较低。当减排与碳税相结合时,高收入国家的支付意愿更高;私营部门融资也受到了更大的激励。达到转型缓解融资阶段可能具有挑战性,因为这可能需要向高收入国家提供大量净回报为负的缓解融资。当高收入国家合作提供缓解资金时,支付意愿会更高。研究结果表明,如果国际金融机构收集和使用所提供的缓解资金,以促使低收入国家开展有效的缓解活动,并通过简单的以牙还牙的反应战略来加强捐助者之间的合作,则可以维持更有效的合作。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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