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“Climate Finance”… The way to face the effects of climate change

Climate finance is about money that needs to be spent on the full range of activities needed to reduce the emissions that cause climate change, and to help people adapt and build resilience to the impacts of climate change that are already occurring. Climate finance is critical to addressing climate change, because large-scale investments are required. To significantly reduce emissions, particularly in sectors that emit large amounts of greenhouse gases, and to assist in adaptation efforts.

For example, rich countries promised in 2009, during the Copenhagen Conference, to transfer $ 100 billion annually to the less wealthy countries by 2020, to help them adapt to climate change and mitigate the additional rise in temperatures, but this promise has not yet been fulfilled, as it Climate finance for developing countries is currently around $80 billion, so climate finance will be one of the biggest issues to be discussed at this summit.



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