Mobilising private climate finance for sustainable energy access and climate change mitigation in Sub-Saharan Africa

Michaelowa, Axel; Hoch, Stephan; Weber, Anne-Kathrin; Kassaye, Ruth; Hailu, Tesfaye

doi:10.1080/14693062.2020.1796568

Cited by 36 publications

(26 citation statements)

References 17 publications

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“…In a similar, social-driven, study it was stressed out that the mobilization of private finance in Sub-Saharan African (SSA) countries can play a decisive role to jointly achieve both Sustainable Development Goal (SDG) 7 that call for universal energy access and climate change mitigation goals that have been defined under the Paris Agreement (Michaelowa et al, 2021 ). It is also noteworthy that among developing or emerging economies, e.g.…”

Section: Introductionmentioning

confidence: 99%

“…Ethiopia, Madagascar and South Africa, the illustration of ways under which climate finance interacts with domestic policy instruments, cannot follow a “catch all” success model. Therefore, approaches need to be tailored to local circumstances, while key policy insights from international market mechanisms and climate finance they are attracting private multibillion-dollar investment in energy access and climate mitigation, even under the challenging conditions facing many SSA nations (Michaelowa et al, 2021 ). Moreover, the association developed between international and regional development programs at these developing countries with the international carbon market might be feasibly close the financing gaps and establish synergies between climate goals and SDGs ((Michaelowa et al, 2021 ).…”

Section: Introductionmentioning

confidence: 99%

“…Therefore, approaches need to be tailored to local circumstances, while key policy insights from international market mechanisms and climate finance they are attracting private multibillion-dollar investment in energy access and climate mitigation, even under the challenging conditions facing many SSA nations (Michaelowa et al, 2021 ). Moreover, the association developed between international and regional development programs at these developing countries with the international carbon market might be feasibly close the financing gaps and establish synergies between climate goals and SDGs ((Michaelowa et al, 2021 ). In this respect, while it is a necessity of more empirical researches to be conducted for a better understanding the magnitude of synergistic benefits between different measures, those measures related to green infrastructure, buildings, energy systems, and, transportation are particularly capable to provide co-benefits and to support synergies.…”

Section: Introductionmentioning

confidence: 99%

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Energy Poverty and Low Carbon Just Energy Transition: Comparative Study in Lithuania and Greece

et al. 2021

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EU has set ambitious commitment to achieve low carbon energy and economy transition up to 2050. This low carbon transition means sustainable energy development path based on renewable energy sources and first of all should address the energy poverty vulnerability and justice issues. The main goal of the paper is to develop indicators framework for assessing low carbon just energy transition and to apply this framework for analysis how climate change mitigation policies in households targeting enhancement of energy renovation of residential buildings and promotion of the use of micro-generation technologies and other policies are affecting household’s energy poverty and vulnerability in selected countries: Lithuania and Greece. This framework allows to assess three main dimensions of sustainable energy development: environmental, social and economic. The paper provides policy recommendations how to deal with just low carbon energy transition which means addressing energy poverty issues during moving to 100% renewables in power generation based on performed case studies.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Energy Poverty and Low Carbon Just Energy Transition: Comparative Study in Lithuania and Greece

et al. 2021

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“…The expansion of debt financing at several scales has thus shifted power to market actors. For example, Michaelowa et al illustrate that in Ethiopia it is Ci‐Dev, a technical assistance program from the World Bank, which facilitates delivery by private sector implementers (Michaelowa et al, 2021). Financialized technologies have encroached into the products that together we group as “climate finance,” and perhaps because of the ubiquity of these market‐mechanisms, reflection on their governance quality has become a mute point, as alternatives to financialized forms of governance fall out of view.…”

Section: Discussionmentioning

confidence: 99%

“…Pauw (2015) found little contribution by the private sector in developing countries when a strict definition of adaptation, in “adaptation finance” was applied. Michaelowa et al (2021) recently underscored how climate change mitigation financing from multilateral funds in sub‐Saharan Africa remains relatively small, scarce and below the scale required. Meanwhile, in terms of implementation, Sovacool et al (2017) found four processes of political economy outcomes—enclosure, exclusion, encroachment and entrenchment—occurring in climate change adaptation projects in five countries funded by the Global Environment Facility's Least Developed Countries Fund (LDCF).…”

Section: Blended Finance and The Shift To Private Sector Governancementioning

confidence: 99%

Climate finance governance: Fit for purpose?

Bracking

Leffel

2021

WIREs Climate Change

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This article consists of a critical review of the conceptual scholarship on the governance of climate finance and includes an overview of the institutional arrangements and governance logics that provide climate finance. New decentralized, polycentric structures allow for climate finance to more effectively reach the sub‐ and non‐state actors most directly implementing climate change governance. However, the expansion of climate finance into market‐inflected forms of blended finance, as well as debt‐based financing, express a neoliberal logic that shifts power to market actors. This may challenge the efficacy of climate finance. We suggest that further research is needed on polycentric systems in climate finance, since an apparent expansion in the diversity of providers is also accompanied by a counter‐intuitive concentration of decision‐making power with financial fund managers. We join others in suggesting that the weight of scholarship advocates for a strong return to public authored finance and governance, under the auspices of Green New Deal programs and more widely. This article is categorized under: Policy and Governance > Multilevel and Transnational Climate Change Governance

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Integrating sustainable finance into energy policies: A comprehensive study on the influence of green investments on energy performance in OECD nations

Tekin,

Dirir,

Aden

2024

Int. J Fin Econ

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This research investigates the interplay between sustainable finance, energy policies, and environmental outcomes in OECD countries from 2005 to 2018. Recognising the pivotal role of OECD countries in global sustainability efforts, this study focuses on Australia, Belgium, Denmark, Germany, Japan, Norway, Portugal, Spain, Sweden, and Switzerland. Within this framework, the key independent variables are climate finance, renewable energy, financial inclusion, energy intensity, and economic growth, and the load capacity factor and CO2 emissions are dependent variables. The current analysis was carried out by employing econometric techniques, such as the panel mean group autoregressive distributed lag (PMG‐ARDL) model, the Arellano‐Bond test, random effects modelling, and ordinary least squares (OLS) modelling, due to the panel sample format of the data. The empirical results from the initial model focusing on the load capacity factor indicate that economic growth, energy intensity, financial inclusion, and renewable energy consumption positively contribute to the load capacity factor in OECD countries. Notably, climate finance was observed to diminish the load capacity factor within this model. In the subsequent model, examining CO2 emissions as the dependent variable, the findings reveal that all variables, except renewable energy consumption, exhibit a positive and statistically significant influence on CO2 emissions.

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Mobilising private climate finance for sustainable energy access and climate change mitigation in Sub-Saharan Africa

Cited by 36 publications

References 17 publications

Energy Poverty and Low Carbon Just Energy Transition: Comparative Study in Lithuania and Greece

Energy Poverty and Low Carbon Just Energy Transition: Comparative Study in Lithuania and Greece

Climate finance governance: Fit for purpose?

Integrating sustainable finance into energy policies: A comprehensive study on the influence of green investments on energy performance in OECD nations

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