559 KB0 KB200320262026Ahmad, Umar SuffianMardini, Ghassan H.številka:1letnik:24str. 91–119DOI:10.26493/1854-6935.24.91-119ISSN:1854-6935COBISSID_HOST:285965827URN:URN:NBN:SI:doc-JG0WOIAXenUniversity of Primorska PressManaging global transitionsclimate financedeveloping economiessocial protectiontwo-step system GMMEmpowering social protection in developing economies| the role of climate finance; Insights from COP28|Global challenges resulting from climate change, economic distress, and social confrontation are rising. In this scenario, Social Protection (SP) pro vides a mechanism to deal with all such issues. This research study aims to analyse the impact of SP on Conference of the Parties (COP28) Climate Financing (CF). The study is based on a panel of 32 countries that met the CF criteria for a period of 19 years. To empirically validate the impact, the Two Step System GMM method has been used. This approach deals with the endogeneity issue and provides robust analysis to account for autocor relation and heteroscedasticity problems. The results show that CF has a significant impact on empowering SP. However, in the case of low-income countries, the impact is negative. This paper offers a novel analysis of the COP28 CF and SP framework. The study also highlights the broader policy relevance of COP28 financing frameworks. It suggests the potential to in form global climate finance, enhance cross-country allocation, and guide the integration of climate-related funding with social protection beyond developing economiesTEXTznanstveno časopisjejournalsSlovenian National E-content AggregatorNational and University Library of SloveniaUniverza na Primorskem, Fakulteta za management