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Does climate aid affect emissions? Evidence from a global dataset

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posted on 2023-06-09, 03:04 authored by Sambit BhattacharyyaSambit Bhattacharyya, Maurizio Intartaglia, Andy MckayAndy Mckay
Donor countries have been using international aid in the field of energy for at least three decades now. The stated objective of this policy is to reduce emissions and promote sustainable development in the global south. In spite of the widespread use of this policy tool, very little is known about its effect on emissions. In this paper we perform an empirical audit of the effectiveness of climate aid in tackling CO2 and SO2 emissions. Using a global panel dataset covering up to 131 countries over the period 1961 to 2011 and estimating a parsimonious model using the Anderson and Hsiao estimator we do not find any evidence of a systematic effect of energy related aid on emissions. We also find that the non-effect is not conditional on institutional quality or level of income. Countries located in Europe and Central Asia does better than others in utilising climate aid to reduce CO2 emissions. Our results are robust after controlling for the Environmental Kuznets Curve, country fixed effects, country specific trends, and time varying common shocks.

History

Publication status

  • Published

File Version

  • Published version

Publisher

Centre for the Study of African Economies, University of Oxford

Pages

31.0

Place of publication

Oxford, UK

Department affiliated with

  • Economics Publications

Institution

Centre for the Study of African Economies, University of Oxford

Full text available

  • Yes

Legacy Posted Date

2016-09-22

First Open Access (FOA) Date

2016-09-22

First Compliant Deposit (FCD) Date

2016-09-22

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