Climate Finance : The ways in which money is saving the planet
T oday’s blog post is about climate finance which is a very important aspect of the fight against climate change. Climate finance has been given due attention in both the Kyoto Protocol and Paris Agreement. But what is climate finance? Climate finance basically refers to the flow of finance from public, private, national and international entities to go towards the efforts to combat climate change. T his money goes towards efforts to lower greenhouse gas emissions, to fund transition to a low carbon pathway, aid in climate resilient development, aid in adaptation to the effects of climate change, and in recouping from loss and damage, that is, regrouping. While still growing and developing, climate finance is a very wide and diverse field but basically encompasses all money that is used in climate action. C limate change is caused by greenhouse gas emissions, the majority of which are from developed countries. But the most vulnerable and affected by climate chan...