What is climate finance?
Climate finance is a form of financing that is aimed at combating and adapting to climate change. Climate finance can come from different sources, such as state budgets, development banks, private investors and NGOs. The goal is to support sustainable development and reduce greenhouse gas emissions and help the most vulnerable communities adapt to the effects of climate change.
What can climate finance cover?
- Climate finance can cover, for example, renewable energy projects, improving energy efficiency, forest protection and sustainable agriculture.
- It can also support developing countries’ adaptation to extreme weather events and challenges related to sea level rise.
Why is climate finance important?
Climate finance is important because climate change is one of the biggest challenges facing humanity. Without sufficient funding, combating and adapting to climate change can be difficult, especially in developing countries. Climate finance helps support sustainable development and ensure that all countries can participate in mitigating climate change.
