Key Aspects of Climate Finance
Climate Finance refers to local, national, or international funding that supports efforts to mitigate and adapt to climate change. It includes financial resources used to reduce greenhouse gas (GHG) emissions, enhance climate resilience, and support sustainable development. Key Aspects of Climate Finance Mitigation Finance – Funds for projects that reduce emissions, such as: Renewable energy projects (solar, wind, hydro) Energy efficiency improvements Sustainable transportation (EVs, public transport) Carbon capture and storage (CCS) Adaptation Finance – Funds for building resilience to climate change, including: Flood protection infrastructure Drought-resistant agriculture Early warning systems Climate-resilient urban planning Sources of Climate Finance Public Sector – Governments, multilateral banks, and international organizations (e.g., Green Climate Fund, World Bank) Private Sector – Investment funds, corporate finance, green bonds, and carbon markets Multilateral & Bilat...