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Billions of dollars are annually transferred to poor nations to help them adapt to the effects of climate change. This Element examines how the discourses on adaptation finance of many developing country negotiators, environmental groups, development charities, academics and international bureaucrats have renewed a specific vision of aid, that of an aid intended to respond to international injustices and to fuel a regular transfer of resources between rich and poor countries. By reviewing manifestations of this normative vision of aid in key contemporary debates on adaptation finance, the author shows how these discourses have contributed to the significant financial mobilisation of developed countries towards adaptation in the Global South. But there remains a stark contrast between the many expectations associated with these discourses and today's adaptation finance landscape.
The introduction outlines how international economic institutions increasingly are involved in climate politics, why this involvement matters and why it makes sense to describe it in terms of economisation. Specifically, the chapter outlines the concept of economisation and how it consists of framing an issue as an economic issue as well as enabling economic institutions to address the issue. The book uses economisation to understand the G20, OECD and IMF’s respective output regarding fossil fuel subsidies and climate finance respectively, as well as the factors that shape this output and the consequences of the output at the international and domestic levels. Subsequently, the chapter outlines the relevant literature on climate governance and international institutions/organisations, and identifies the contribution of the book to these bodies of literature. Next, the chapter explains why it makes sense to select the cases of climate finance and fossil fuel subsidies, which are both characterised by economic institution involvement, while the relationship between their impact on state budgets and on the environment pulls in opposite directions. The section proceeds with why the selection of the G20, OECD and IMF is academically relevant. The following section outlines the use of data sources and methods in the analysis.
The effort to address climate change cuts across a wide range of non-environmental actors and policy areas, including international economic institutions such as the Group of Twenty (G20), International Monetary Fund (IMF), and the Organisation for Economic Co-operation and Development (OECD). These institutions do not tend to address climate change so much as an environmental issue, but as an economic one, a dynamic referred to as 'economisation'. Such economisation can have profound consequences for how environmental problems are addressed. This book explores how the G20, IMF, and OECD have addressed climate finance and fossil fuel subsidies, what factors have shaped their specific approaches, and the consequences of this economisation of climate change. Focusing on the international level, it is a valuable resource for graduate students, researchers, and policymakers in the fields of politics, political economy and environmental policy. This title is also available as Open Access.
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