Can we increase the effectiveness of ODA (official development assistance) for renewable energy development? An assessment of the relative performance of financial incentive policy measures

IF 1.4 3区经济学 Q2 DEVELOPMENT STUDIES

Development Policy Review Pub Date : 2025-08-01 DOI:10.1111/dpr.70026

Gumin Jung, Shin Lee

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引用次数: 0

Abstract

Motivation

The transition from fossil fuels to renewable energy is crucial to address climate change and achieving sustainable development, particularly for low- and middle-income countries (LMICs). The Paris Agreement underscored the importance of involving LMICs in global greenhouse gas reduction efforts, thus amplifying the relevance of renewable energy development in these regions.

Purpose

This study evaluates the effectiveness of financial incentive policies in enhancing official development assistance for renewable energy development in LMICs. It also provides strategies for beneficiaries to select efficient financial incentive policies.

Methods and approach

The study uses panel regression analysis to assess the effectiveness of the financial incentive policies in the relationship between official development assistance for renewable energy development and renewable electricity generation. Using renewable electricity generation as the performance indicator, the article examines the effectiveness of individual financial incentive policies. The data span 2010 to 2019 for 79 LMICs, including the post-Paris agreement period.

Findings

The findings indicate that feed-in tariffs and loans positively moderate the relationship between official development assistance for renewable energy development and renewable electricity generation. Feed-in tariffs seem to have a long-term effect due to their policy design, and loans emerge as a significant moderator influenced by the technological maturation and transformative changes in international climate policy.

Policy Implications

The results suggest that official development assistance for renewable energy development beneficiaries should prioritize feed-in tariffs and loans. Feed-in tariffs offer consistent risk reduction and market access, while loans are most effective when institutional and technological conditions enable large-scale investment. Donors should promote feed-in tariffs for sustained stakeholder participation and loans for capital mobilization.

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我们能否提高官方发展援助对可再生能源发展的有效性？对财政激励政策措施的相对绩效进行评估

从化石燃料向可再生能源的过渡对于应对气候变化和实现可持续发展至关重要，对低收入和中等收入国家来说尤其如此。《巴黎协定》强调了让中低收入国家参与全球温室气体减排努力的重要性，从而扩大了这些地区可再生能源发展的相关性。本研究评估财政激励政策在加强中低收入国家可再生能源发展官方发展援助方面的有效性。它还为受益人选择有效的财政激励政策提供了战略。研究采用面板回归分析，评估财政激励政策在可再生能源发展官方发展援助与可再生能源发电关系中的有效性。本文以可再生能源发电为绩效指标，考察了个体财政激励政策的有效性。数据涵盖了2010年至2019年79个中低收入国家，包括《巴黎协定》之后的时期。研究结果表明，上网电价和贷款正向调节可再生能源开发官方发展援助与可再生能源发电之间的关系。上网电价由于其政策设计似乎具有长期效果，而贷款在技术成熟和国际气候政策变革的影响下成为重要的调节因素。研究结果表明，对可再生能源发展受益者的官方发展援助应优先考虑上网电价和贷款。上网电价可以持续降低风险和进入市场，而贷款在体制和技术条件允许大规模投资时最为有效。捐助国应促进上网电价以促进利益攸关方的持续参与，并为资本动员提供贷款。

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来源期刊

Development Policy Review DEVELOPMENT STUDIES-

CiteScore

3.50

自引率

5.90%

发文量

期刊介绍： Development Policy Review is the refereed journal that makes the crucial links between research and policy in international development. Edited by staff of the Overseas Development Institute, the London-based think-tank on international development and humanitarian issues, it publishes single articles and theme issues on topics at the forefront of current development policy debate. Coverage includes the latest thinking and research on poverty-reduction strategies, inequality and social exclusion, property rights and sustainable livelihoods, globalisation in trade and finance, and the reform of global governance. Informed, rigorous, multi-disciplinary and up-to-the-minute, DPR is an indispensable tool for development researchers and practitioners alike.