Assessing The Impact of Climate Finance on South Africa’s Economy: A Quantile Regression Analysis

Abstract

This study investigates the efficacy of climate finance in mitigating the adverse effects of climate change on various sectors of the South Africa’s economy. Leveraging secondary quantitative data from the South African Climate Finance Landscape Report, this research employs quantile regression modeling in the Statistical Package for Social Sciences (SPSS) 2022 to examine the heterogeneous impacts of climate funding across different sectors. The findings reveal that the effects of climate finance vary significantly across quantile levels, underscoring the need for deliberate policy interventions. This study contributes to the growing body of literature on climate finance and offers evidence-based recommendations to support South Africa and other countries in Africa in achieving an inclusive, climate-resilient, and sustainable economy.