climate finance and carbon offsetting

Climate finance refers to the financial resources and investment aimed at supporting projects and activities that address climate change. It involves funding initiatives that reduce greenhouse gas emissions, adapt to the impacts of climate change, and promote sustainable development. Carbon offsetting is a strategy used to compensate for and reduce greenhouse gas emissions. It involves financially supporting projects that reduce or remove emissions in one location to balance out emissions produced elsewhere. This enables individuals, organizations, or countries to offset their own carbon footprint by supporting projects like renewable energy, reforestation, or energy efficiency, which counteract greenhouse gas emissions.

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