climate finance and technology transfer

Climate finance refers to the financial resources provided to support projects and initiatives aimed at addressing climate change and its impacts. It involves the funding of sustainable and low-carbon activities, such as renewable energy projects or adaptation measures in vulnerable communities, in order to mitigate greenhouse gas emissions and build resilience against climate change. Technology transfer, on the other hand, involves the dissemination and adoption of relevant technologies, knowledge, and expertise from developed to developing countries for sustainable development and climate change mitigation and adaptation. It allows developing nations to access and utilize advanced technologies, such as clean energy systems or climate-resistant agricultural practices, in order to transition to low-carbon economies and adapt to the changing climate conditions.

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