Driving a green future: Spatial econometric analysis of climate finance aid in renewable energy transition in developing countries

IF 7.9 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy Pub Date : 2025-04-06 DOI:10.1016/j.eap.2025.04.011

Xiaohang Ren , Keyi Hong , Lizhu Tao

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Abstract

Climate assistance plays a crucial role in supporting the mitigation and adaptation efforts of developing countries, particularly in fostering renewable energy transitions and enhancing energy security. This study evaluates climate aid's effectiveness using data from 88 developing countries between 2000 and 2020, applying a Spatial Durbin model. The results show that climate fund significantly boosts renewable energy development, primarily by improving political governance in recipient countries. Mitigation fund has a more substantial impact than adaptation finance. Additionally, countries that are more vulnerable to climate change benefit more from climate aid, while those with higher levels of social globalization struggle to fully utilize these resources. Notably, the study identifies negative spatial spillover effects, where climate fund in one country may hinder renewable energy development in neighboring countries. These insights are valuable for policymakers seeking to optimize climate aid and promote sustainable energy security.

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推动绿色未来：发展中国家可再生能源转型气候融资援助的空间计量分析

气候援助在支持发展中国家的减缓和适应努力方面发挥着至关重要的作用，特别是在促进可再生能源转型和加强能源安全方面。本研究利用2000年至2020年间88个发展中国家的数据，应用空间德宾模型评估了气候援助的有效性。结果表明，气候基金主要通过改善受援国的政治治理，显著促进了可再生能源的发展。缓解基金比适应资金具有更大的影响。此外，易受气候变化影响的国家从气候援助中获益更多，而社会全球化程度较高的国家则难以充分利用这些资源。值得注意的是，该研究发现了负面的空间溢出效应，即一个国家的气候基金可能阻碍邻国的可再生能源发展。这些见解对寻求优化气候援助和促进可持续能源安全的政策制定者很有价值。

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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来源期刊

Economic Analysis and Policy ECONOMICS-

CiteScore

9.80

自引率

9.20%

发文量

231

审稿时长

93 days

期刊介绍： Economic Analysis and Policy (established 1970) publishes articles from all branches of economics with a particular focus on research, theoretical and applied, which has strong policy relevance. The journal also publishes survey articles and empirical replications on key policy issues. Authors are expected to highlight the main insights in a non-technical introduction and in the conclusion.