This study statistically proves the effectiveness of the climate technology-related development finance by proving the CO₂ reduction effect through its empirical analysis of whether the climate technologyrelated development finance carrying out its role in reducing the CO₂ emissions of the recipient country. The results show that the climate technology-related development finance does not have a significant effect on the analysis of CO₂ as a whole, but since the cooperation of climate technology development affects the reduction of CO₂ in related sectors, the expansion of the climate technology-related development finance that focuses on CO₂ reduction of each sector is needed.
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Chung et al. (2018) studied this question.
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