Corporate Carbon Footprint: Evaluating Environmental Risks and Incentives in the Era of Climate Finance

Humbatova S., Foziljonov I., Panahova G.

Journal of Environmental Assessment Policy and Management, vol.26, no.3, 2024 (Scopus) identifier

  • Publication Type: Article / Article
  • Volume: 26 Issue: 3
  • Publication Date: 2024
  • Doi Number: 10.1142/s1464333224500121
  • Journal Name: Journal of Environmental Assessment Policy and Management
  • Journal Indexes: Scopus, International Bibliography of Social Sciences, Agricultural & Environmental Science Database, BIOSIS, Business Source Elite, Business Source Premier, CAB Abstracts, Environment Index, Geobase, Greenfile, Pollution Abstracts, Public Affairs Index, Veterinary Science Database
  • Keywords: climate finance, Corporate carbon, evaluating environment, risks and incentives
  • Azerbaijan State University of Economics (UNEC) Affiliated: Yes

Abstract

To fight climate change and reduce their increasing pollution levels, developing nations must have access to worldwide public climate funds. In the view of developing nations, meeting their commitments to reduce emissions under the Paris Agreement depends on receiving funding for climate-related initiatives. According to earlier studies, financing developing nations may help them meet their climate targets. The most recent data on climate money and NDCs are used in this research to examine the subject from a practical standpoint. Two research approaches were used in this study to investigate the impact of climate funding on the objectives of recipient nations. Data indicated that it was excellent regardless of the size of the effect. Developing nations' attempts to reduce emissions were more affected than those of the least developed nations, especially those with economies centred on tiny islands. This paper outlines how to solve the issue, but it is just the beginning. By informing their handling of climate money, investors can gain poorer nations' confidence, according to this research.