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Environment & Climate vocabulary · Climate Action: Mitigation and Adaptation

Climate finance

Meaning in environment & climate, with examples

/ˈklaɪmət ˈfaɪnæns/nounCommon term

In environment & climate, climate finance means: Money from public, private and international sources that pays for reducing emissions and for adapting to the impacts of climate change, especially in developing countries.

In Turkish: iklim finansmanı

How it is used

A central topic at COP negotiations. Developed countries have committed to provide and mobilize climate finance for developing countries; sources include the Green Climate Fund, multilateral development banks and private investors. Instruments include grants, concessional loans and green bonds.

Example sentences

  1. Access to climate finance is a major challenge for small municipalities.

  2. The project received climate finance from a development bank in the form of a low-interest loan.

Common collocations

  • mobilize climate finance
  • access to climate finance
  • Green Climate Fund
  • green bonds
  • adaptation finance
  • COPShort for Conference of the Parties: the yearly UN climate summit where the countries that signed the UN climate convention negotiate and review global climate action.
  • adaptationChanges in how people, cities, businesses and ecosystems work so that they can cope with the current and expected effects of climate change.
  • mitigationAction to reduce or prevent greenhouse gas emissions, or to remove these gases from the atmosphere, in order to limit climate change.
  • just transitionThe idea that the shift to a low-carbon economy should be fair, protecting workers, communities and regions that depend on fossil fuel industries and sharing the benefits widely.
  • Paris AgreementThe international climate treaty adopted in 2015 under the UN climate convention, in which countries agreed to keep global warming well below 2°C and to try to limit it to 1.5°C.

More terms: Climate Action: Mitigation and Adaptation

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