14th November 2024
“Let’s dispense with any idea that climate finance is charity;” runaway climate change is impacting “every single individual in the world one way or another,” Mr. Stiell, the UN climate chief, said on Monday.
Why do poorer nations (in particular) need climate finance? Because it can enable them to:
- take action to mitigate against the causes of climate change – eg switching to renewable energy, replacing wood/coal fired cooking stoves with electric ones, greening heavy industry;
- take action to adapt to the ongoing effects of climate change – eg insulating buildings against extremes of heat, upgrading flood defences, improving early weather warning systems;
- cover the costs of damage caused by extreme weather and other destructive effects caused by climate change.
The Green Tau 