Climate finance

Climate finance be umbrella term for financial resources inside,wey ebi loans, grants, den domestic budget allocations for climate change mitigation, adaptation den resiliency inside. Finance dey come from private den public sources, we fi channel am through various betweeners inside, wey ebe multilateral development banks plus other development agencies. Development agencies be important in da transfer of public resources for developed to developing countries inside, wey ebi discussed for da UN Climate Convention obligations inside.

Dem get two main sub-categories for climate finance inside dey base on different aims. Mitigation finance be investment wey edey aim to reduce global carbon emissions. Adaptation finance dey aim say ego reduce da consequences for climate change inside.Globally, dem get greater focus for mitigation, accounting for over 90% spending wey edey go climate inside.2590  Renewable energy be important for growth area for mitigation investment den e get growing policy for support.