Empirical Study of Climate Finance

  • Antonio A. Romano
  • Giuseppe Scandurra
  • Alfonso Carfora
  • Monica Ronghi
Part of the SpringerBriefs in Climate Studies book series (BRIEFSCLIMATE)


The chapter proposes one of the possible approaches to investigate whether developing countries can progress towards more environmentally sustainable development using the flow of funds provided by developed (or donor) countries by increasing the resilience of their environmental, social and economic systems to either endogenous or exogenous shocks. After a description of the observed data, there will follow a construction of a composite indicator capable of providing a quantitative measure of the environmental performance of a country related to other variables that are able to describe social and economic particularities. In this way, it is possible to individuate a way capable of giving a measure of the repercussion of the financial flows on combating environmental degradation seen through the most important components of the increase in global warming. Our results contribute to the debate on the vulnerability and resilience of receiving countries as part of the UN Framework Convention on Climate Change agreement.


Greenhouse gas Environmental pollution index Quantile regression Clustered data AidData Energy generation Biosphere protection 


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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Antonio A. Romano
    • 1
  • Giuseppe Scandurra
    • 1
  • Alfonso Carfora
    • 2
  • Monica Ronghi
    • 1
  1. 1.Department of Management Studies and Quantitative MethodsUniversity of Naples “Parthenope”NaplesItaly
  2. 2.Italian Revenue AgencyRomeItaly

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