Climate finance refers to the financial resources allocated to support projects and initiatives aimed at addressing climate change. This includes funding for renewable energy, energy efficiency, and sustainable agriculture, as well as investments in infrastructure that can withstand climate impacts. The goal is to reduce greenhouse gas emissions and help communities adapt to changing environmental conditions.
Governments, private investors, and international organizations contribute to climate finance. Initiatives like the Green Climate Fund and Paris Agreement play crucial roles in mobilizing funds. By investing in climate solutions, these efforts aim to promote sustainable development and protect vulnerable populations from the effects of climate change.