---
res:
  bibo_abstract:
  - "<jats:title>Abstract</jats:title>\r\n                  <jats:p>Although prices
    for renewable energy technologies have recently declined, many low-income countries
    still face barriers to deployment. The energy supply for their growing economies
    largely originates from the burning of fossil fuels. To avoid accelerating global
    greenhouse gas emissions, it is crucial that low-income countries enter a low-carbon
    growth path through the large-scale deployment of renewable energy. This is particularly
    relevant in countries that import fossil energy resources from global markets,
    where renewable energy deployment could be a tool for achieving independence and
    economic development. It can be beneficial in the short-run, for low-income countries
    with limited access to finance to rely on existing energy infrastructure. However,
    investment in renewable energy provides a long-run solution to preventing carbon
    lock-in by expanding existing infrastructure, such as pipelines or refineries.
    Therefore, we develop a theoretical model for long-run economic growth in import-dependent
    low-income countries. To produce renewable energy, a country must either attract
    international climate finance funds or substitute for other investments in the
    domestic economy to build a renewable energy capital stock. The results imply
    that sufficient and stable access to climate finance funds to transition to renewable
    energy accelerates long-run economic growth and welfare. Conversely, when investments
    in the energy transition crowds-out investment from other productive sectors in
    the economy, financing the energy transition can lead to income losses between
    15 and 20% in the short- to medium-run. However, the energy transition does stimulate
    economic growth and welfare with an optimal allocation of capital in the long
    run. Furthermore, insufficient access to climate finance leads to rebound effects,
    accelerating demand for fossil energy and carbon emissions.</jats:p>@eng"
  bibo_authorlist:
  - foaf_Person:
      foaf_givenName: Amin
      foaf_name: Kassab, Amin
      foaf_surname: Kassab
      foaf_workInfoHomepage: http://www.librecat.org/personId=98377
  - foaf_Person:
      foaf_givenName: Thomas
      foaf_name: Gries, Thomas
      foaf_surname: Gries
      foaf_workInfoHomepage: http://www.librecat.org/personId=186
  bibo_doi: 10.1186/s40854-026-00963-4
  bibo_issue: '1'
  bibo_volume: 12
  dct_date: 2026^xs_gYear
  dct_isPartOf:
  - http://id.crossref.org/issn/2199-4730
  dct_language: eng
  dct_publisher: Springer Science and Business Media LLC@
  dct_title: 'Energy transition and economic growth in low-income countries: the role
    of climate finance@'
...