Gallagher Co-Authors Paper on Multilateral Financing of Power Development

Kevin Gallagher, Professor of Global Development Policy at the Frederick S. Pardee School of Global Studies at Boston University and Director of BU’s Global Development Policy Center (GDP Center), published an article in ScienceDirect exploring multilateral financing of power generation and the need to support renewable technologies in line with the 2030 Sustainable Development Goals and the Paris Agreement.

In the article, titled “Financing carbon lock-in in developing countries: Bilateral financing for power generation technologies from China, Japan, and the United States,” Gallagher and co-authors Xu Chena, Zhongshu Li, and Denise L. Mauzerallad compare the influence of overseas finance from the three largest economies – United States, China, and Japan – on power generation development beyond their borders and evaluate the associated long-term CO2 emissions. By tracking overseas finance from China, Japan, and the U.S. to the global power generation sector between 2000 and 2018, the study illuminates the key role of bilateral financing in filling the infrastructure financing gap and supporting power capacity expansions in developing countries.

The full article can be read on ScienceDirect‘s website. A detailed recap of the paper can be read on the GDP Center’s website.

Kevin Gallagher is a professor of global development policy at Boston University’s Frederick S. Pardee School of Global Studies, where he directs the Global Development Policy Center. He is author or co-author of six books, including most recently, The China Triangle: Latin America’s China Boom and the Fate of the Washington Consensus. Read more about Professor Gallagher on his Pardee School faculty profile.