What is Climate Finance?
Climate finance refers to the financial resources and investments directed toward mitigating and adapting to the adverse impacts of climate change. This includes funding projects, programs, and initiatives aimed at: Mitigation : Reducing greenhouse gas (GHG) emissions (e.g., renewable energy, energy efficiency). Adaptation : Strengthening resilience to climate change impacts (e.g., infrastructure for water management, coastal protection). Climate finance is critical for achieving global climate goals, including the Paris Agreement target of limiting global warming to 1.5°C. It is often facilitated by public, private, and multilateral financial institutions and mechanisms like the Green Climate Fund (GCF) , Climate Investment Funds (CIF) , and national climate budgets. Strategies and Roadmaps for Developed and Developing Countries 1. Developed Countries Developed nations play a leading role in providing climate finance due to their historical responsibility for emissions and economic ...