climate finance and carbon pricing

Climate finance refers to the flow of funds, resources, and investments that are specifically directed towards projects and initiatives aimed at mitigating climate change and helping countries adapt to its effects. It involves mobilizing financial resources from various sources, both public and private, to support sustainable and low-carbon development. Carbon pricing, on the other hand, is a policy tool used to encourage the reduction of greenhouse gas emissions by assigning a monetary value to carbon dioxide and other greenhouse gas emissions. It involves putting a price, either through taxes or emissions trading systems, on each ton of carbon dioxide emitted, thereby providing an economic incentive for industries and individuals to decrease their emissions and transition towards cleaner and greener alternatives.

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