• 상하수도학회지
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• 제34권3호
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• pp.169-182
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• 2020

ODA finance in the water sector has decreased after reaching a peak in 2012 although total ODA commitments have steadily increased according to OECD DAC data. However, climate finance in the water sector has increased so much since 2013 according to 7 MDB Joint report on Climate Finance. Water, especially, in climate change is the main issue for adaptation, and the total finance in the water sector reached 50% of the international public adaptation finance in 2016. However, the procedures for approval and the requirements of the proposals for climate funds are different from those for development finance. Notwithstanding the changes in money flows in the water sector, most korean engineering consulting firms in the water infrastructure area are not ready to win the funds relating to climate change. Therefore, It is important to understand a variety of sources of climate funds, characteristics, funding scale on each purpose and procedures for approval. Korean government needs to provide the firms the opportunities to buildup experiences by getting involved in climate adaptation projects with the financial support for developing PPFs, concept notes, and proposals.

• The Journal of Asian Finance, Economics and Business
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• 제10권1호
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• pp.189-199
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• 2023

This research aims to give information about the current situation of five financial sources for climate change in Vietnam, including (i) the State budget used by ministries; (ii) the State budget used by provinces; (iii) Bilateral funds; (iv) Multilateral funds; and (v) Private funds, and then classify them in line with the effectiveness. The working paper's secondary data on spending on CC-related activities, collected from reports of six ministries and 29 provinces, show that the State budget has been crucial in subsidizing CC-related activities in Vietnam. Moreover, domestic investment has accounted for a major part of the total expenditure of ministries and provinces for climate change. In addition, by using primary data collected from surveys sent to twelve experts from 5 groups, such as researchers, practical experts, managers of private funding organizations (such as banks and enterprises), managers of international funding organizations and beneficiaries, and then analyzing the data through the AHP method, the study shows that all climate finance sources in Vietnam are still not very effective. However, private sector funds are considered the most effective financial source for responding to climate change.

• 환경영향평가
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• 제31권2호
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• pp.106-116
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• 2022

다자개발은행들은 기후변화 대응에 적극적으로 동참하고 있으며, 기존 환경·사회 영향평가에서 한발자국 더 나아가 저탄소 기후금융(Climate Finance) 제공을 위한 공동의 기후금융 평가방안(Common Principles for Climate Finance Tracking)을 마련하여 운용하고 있다. 이들은 보수적인 시각에서 전체 사업 중 기후변화 적응 또는 저감으로 인정할 수 있는 부분을 단위화하여 평가하고 있으며, 그 결과를 취합하여 2012년부터 2021년도까지 총 10회에 걸쳐 기후금융 보고서를 발간하였다. 기후금융으로 판단하는 방법은 저감인지 적응인지에 따라서 다소 상이하다. 기후변화 적응 금융의 경우에는 사업의 맥락, 전후사정을 살펴 적응 금융으로 산정하며, 저감 금융의 경우에는 적용이 가능한 사업에 대한 포괄적인 리스트가 마련되어 이에 해당하는 경우 저감 금융으로 인정한다. 다자개발은행은 기후금융 평가 내용을 환경·사회 영향평가 결과와 함께 사업 심사의 주요 항목으로 활용하고 있다. 세계 각국이 사업 수준에서 기후변화를 다루기 위한 다양한 노력을 기울이고 있는 상황에서, 다자개발은행이 사업 승인 시 기후변화를 어떻게 고려하고 있는지 살펴보고 그 시사점에 대해서 고찰해 보는 것은 향후 기후변화 대응 방법론 마련 및 관련한 환경·사회 영향평가의 역할 확대에 도움이 될 것이라고 생각한다.

• 환경정책연구
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• 제14권3호
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• pp.119-136
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• 2015

유엔기후변화협약 협상에서 재정 분야는 개도국 지원의 장단기 목표를 수립하고, GCF를 설립하였으며, 상설위원회를 구성하는 등 큰 성과를 나타냈다. 이로서 협약 재정메커니즘의 실질적인 작동을 위한 체제는 갖춰진 것으로 볼 수 있다. 신기후체제 협상에서는 선진국의 역사적 책임을 강조하는 개도국과 변화된 상황에 부합하는 개도국의 행동을 주장하는 선진국의 상반된 입장이 어떻게 절충될 것인지가 핵심 쟁점이다. 특히 합의 도출에 있어 이행수단으로써 기후재원의 역할에 대한 기대가 고조되고 있다. 본고에서는 협약 채택 이후 지난 리마 당사국총회(COP20)까지 재정지원 관련 논의동향을 정리하고 신기후체제 합의를 앞두고 기후재원 분야의 주요 쟁점과 과제를 제시한다.

• 무역상무연구
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• 제58권
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• pp.329-351
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• 2013

Since the Kyoto Protocol was released in 2005, there has been a number of mechanisms about funding and how to allocate the burdens. The UNFCCC(United Nations Framework Convention on Climate Change)have discussed establishing an international fund to support the reduction of a greenhouse gas. As the availability of adaption finance for developing countries increase, it's needed for a way of prioritizing countries. This article analyzes the carbon reduction system that includes a emission trading scheme, a carbon tax and examines GCF(Green Climate Fund)'s role and needs. A solution to finance Green Climate Fund is more preferred a harmonized carbon tax that across all nations with carbon tax. Especially the role of industrialized countries is important that based on their historical responsibility for fossil fuel emission. That is, they should get more shares of the global costs than developing countries.

• The Journal of Asian Finance, Economics and Business
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• 제9권6호
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• pp.115-126
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• 2022

The study's goal is to determine the amount of climate change's impact on ethnic minority (EM) households' livelihoods, as well as their adaptability to climate change and long-term viability. The research was conducted in Vietnam's Northwestern Sub-region, where ethnic minorities account for more than half of the overall population. The study uses a combination of qualitative and quantitative methods based on a survey of 480 households in 04 provinces severely affected by climate change in the Northwest sub-region of Vietnam. The results show that: climate change (extreme weather events) occurs with increasing frequency, mainly affecting the life expectancy, health, and capital of households; Vulnerable groups (women, ethnic minorities) have a poor adaptive capacity and mainly suffer the consequences of shocks, are afraid to change their livelihoods; Microfinance plays an important role in enhancing the sustainability of livelihoods through increasing capital and financial assets and reducing the vulnerability of ethnic minority households. Finally, research has some solutions for microfinance - special credit specifically for ethnic minority households in the Northwest Sub-region: support for microfinance advice, home credit with transition orientations to adapt to climate change response and relieves its impact on the social lives.

• The Journal of Asian Finance, Economics and Business
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• 제8권5호
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• pp.473-483
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• 2021

This study's fundamental purpose is to examine the personality factors of business school faculty members in job satisfaction and job performance. Results show the significant impact of multicultural faculty members' job performance in a diverse environment in the Business schools of Karachi. The data is collected through the multi questionnaires from the various teaching, non-teaching staff, and students of private business schools of Karachi in Pakistan. The data has been tested through the Jamovi-by-medmod, and the regression model is to scrutinize and find the effect dependent variables to mediation. Simultaneously, results are calculated by mediation estimates and path estimates through the medmod technic and regression test from data. It provides a comprehensive insight into various factors such as personality traits, self-efficiency, Psychological diversity climate, self-esteem, and human resource management practices. These are the primary evaluated factors that affect multicultural faculty members' job satisfaction and job performance. However, results show a positive relationship between diversity climate and job performance, which mediates by job satisfaction. Similarly, personality traits show a positive relationship with job performance that mediates by job satisfaction. Correspondingly, self-esteem spectacles are a positive inter-relationship with job performance which is mediated by job satisfaction.

• The Journal of Asian Finance, Economics and Business
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• 제8권1호
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• pp.723-732
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• 2021

On September 25, 2015, 193 countries of the United Nations (UN) General Assembly, signed the 2030 Agenda to work towards attaining 17 Sustainable Development Goals (SDGs) and its associated 169 targets and 232 indicators. With one of the largest renewable energy programs, India is well-poised to be a role model for low-carbon transformation to other Asian countries. However, bridging the financing gap is critical to ensure that the country meets its SDG targets. Though the SDGs identified by the UN are broad-based and interdependent, for ease of analysis we have grouped them into five themes - people, planet, prosperity, peace, and partnership - based on existing UN models. This paper investigates the financing gap for 'green' projects linked to planet-related SDG targets in India. It builds an argument for utilizing green bonds as an instrument to bridge the gap. After establishing the potential of green bonds in raising the finance to meet India's planet-related SDG targets, we look at the current policy landscape and suggest recommendations for successful execution. The paper concludes that deepening of the corporate fixed income securities market and firming up guidelines in line with India's climate action plans are inevitable before green bonds can be considered a viable financing option.

• Asian Journal of Innovation and Policy
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• 제12권2호
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• pp.268-276
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• 2023

As the climate crisis intensifies, the need to improve the climate resilience of developing countries is ever increasing. Hence, the international community is seeking ways to effectively conduct climate technology transfer by linking the projects with financial mechanisms. However, commercialization of climate technology in developing countries is no easy feat as comprehensive knowledge on the target country is a prerequisite for seeking a suitable technology-financial linkage measure. Hence, in-depth discussions on effective climate technology and financial linkage measures have become an important global agenda, and South Korea, as a country with long experience in climate technology transfer, and a strong ecosystem for public climate technology, should step forward to take up a leading role. Against this backdrop, this paper proposes strategies and implementation measures for linking funds from the Multilateral Development Banks (MDB) with Korea's Public Climate Technology (PCT) by examining several key areas of R&D, international cooperation, and technology commercialization.

• 한국기후변화학회지
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• 제8권2호
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• pp.153-161
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• 2017

The purpose of this study is to screen for the effects of climate change and climate change adaptation in the insurance industry. There is now a consensus that the climate is changing, with potential risk to the global economy and human health and so on. On the other hand, unknown is the extent to which insurance business pattern have already been affected. But the increase in damage due to climate change is likely to raise insurance company losses. In this regard, I conduct especially an effects of the insurance industry on climate change. And than, I analyzed what insurance companies would do to lessen the impact of climate change. As a result, the impact of climate change on the insurance industry is a huge increases in claims due to disasters and diseases arising from climate change. And another thing is growth in climate change-related legislation, regulations and reporting requirements such as financial soundness regulation and climate change risk disclosure. Therefore, the insurance industry needs to build a climate change adaptation strategies include capital raising, liquidity of assets, faithful debt management and so forth.