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  Pushed to finance? Assessing technology export as a motivator for coal finance abroad

Manych, N., Egli, F., Ohlendorf, N., Schmidt, T. S., Steffen, B., Stünzi, A., Steckel, J. C. (2023): Pushed to finance? Assessing technology export as a motivator for coal finance abroad. - Environmental Research Letters, 18, 8, 084028.
https://doi.org/10.1088/1748-9326/ace6c1

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 Creators:
Manych, Niccolò1, Author
Egli, Florian1, Author
Ohlendorf, Nils1, Author
Schmidt, Tobias S1, Author
Steffen, Bjarne1, Author
Stünzi, Anna1, Author
Steckel, Jan Christoph2, Author              
Affiliations:
1External Organizations, ou_persistent22              
2Potsdam Institute for Climate Impact Research, ou_persistent13              

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 Abstract: The construction of new coal-fired power plants is frequently financed by banks from abroad. Recent studies suggest that the opportunity to export technology is a relevant 'push factor' for such financing activities. In this paper, we provide first quantitative evidence for this hypothesis on a global scale. We construct a novel dataset that tracks both public and private financial involvement on a coal unit level, including information on equipment manufacturers and service providers. The findings indicate that financial institutions from various countries, including China, Japan, South Korea, and Western nations provide loans to coal units overseas. These finance flows, particularly from publicly owned banks, are accompanied by technology exports from the same country. Complementing our quantitative analysis with semi-structured interviews, we find indications that political economy factors, such as public banks' requirement for participation of domestic firms in financing deals and the unlocking of export business opportunities for domestic industries in financing countries, contribute to this correlation. Our findings highlight the importance of financing countries and their domestic industries for low-carbon transitions globally.

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Language(s): eng - English
 Dates: 2023-08-012023-08-01
 Publication Status: Finally published
 Pages: 12
 Publishing info: -
 Table of Contents: -
 Rev. Type: Peer
 Identifiers: DOI: 10.1088/1748-9326/ace6c1
MDB-ID: No MDB - stored outside PIK (see DOI)
Organisational keyword: RD3 - Transformation Pathways
PIKDOMAIN: RD3 - Transformation Pathways
Working Group: Climate & Energy Policy
Regional keyword: Global
Research topic keyword: Energy
Research topic keyword: Economics
Research topic keyword: Climate Policy
Model / method: Quantitative Methods
OATYPE: Gold Open Access
 Degree: -

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Title: Environmental Research Letters
Source Genre: Journal, SCI, Scopus, p3, oa
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Pages: - Volume / Issue: 18 (8) Sequence Number: 084028 Start / End Page: - Identifier: CoNE: https://publications.pik-potsdam.de/cone/journals/resource/150326
Publisher: IOP Publishing