Graduation Year

2021

Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts

Department

Economics

Reader 1

Nicholas Kacher

Reader 2

Linus Yamane

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Terms of Use for work posted in Scholarship@Claremont.

Rights Information

© 2021 Fanwei Liu

Abstract

In 2015, 196 countries agreed to join the Paris Agreement, committing to a 1.5 °C temperature rising control goal to mitigate climate change. Almost all countries that have signed the Paris Agreement also voluntarily submitted their Nationally Determined Contributions (NDCs), and more than 100 countries took a step further by pledging net zero emissions by 2050. But governments’ public finance of overseas coal projects persisted, undermining the Paris Agreement temperature control goal, and slipping through international attention under the guise of bringing energy to countries in need. This study, therefore, examines the impact of the Paris Agreement on governments’ public finance of overseas coal projects. By using data gathered from the Global Public Finance Tracker and the World Bank, graphs and regression analysis are utilized to provide concrete analysis. The results show that the Paris Agreement reduces the overall international public finance and the number of overseas coal projects but increases the dollars per project. In conclusion, the Paris Agreement has a reducing effect on countries’ public finance of overseas coal projects. However, governments should stop their direct support for overseas coal sector immediately and expand to the overall fossil fuel industry as soon as possible to meet the 1.5°C temperature control goal.

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