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Climate change adaptation finance : are the most vulnerable nations prioritised ?
| Content Provider | Semantic Scholar |
|---|---|
| Author | Saunders, Nicholas |
| Copyright Year | 2019 |
| Abstract | In 2009, developed countries jointly agreed to raise US$100 billion per year in climate finance by 2020 (UNFCCC 2009). The total amount of adaptation finance has increased each year since then, but the extent to which allocations are in line with recipients’ climate vulnerability is still debated in the literature. This paper analyses the determinants of adaptation finance allocation using data sourced from the Organisation for Economic Co-operation and Development. All bilateral allocations reported between 2011 and 2015 and multilateral allocations reported between 2013 and 2015 are included in the analysis. A twostep hurdle model is used to explore both the intensive and extensive margin decisions of donors. In contrast to previous research, the relationship between vulnerability to climate change and adaptation finance is found to be concave in both stages of the bilateral model. Diminishing and then negative returns to vulnerability are observed. On average, countries most vulnerable to climate change are found to receive smaller allocations of adaptation finance from bilateral donors than their less vulnerable counterparts. While multilateral donors are found to allocate more adaptation finance to small island developing states, they are not observed to prioritise vulnerable nations in the selection stage. Overall, the allocation of adaptation finance is not found to be consistently aligned with the sentiment of the Paris Agreement, which stipulates that efforts should be made to provide financial resources to assist developing countries, with priority given to countries that are particularly vulnerable to the adverse effects of climate change. Countries most vulnerable to climate change are found to receive smaller allocations of adaptation finance from bilateral donors than their less vulnerable counterparts. Climate change adaptation finance: are the most vulnerable nations prioritised? 5 |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.sei.org/wp-content/uploads/2019/04/climate-change-adaptation-finance-are-the-most-vulnerable-nations-prioritised.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
