What is global climate finance?
Explanation: The correct answer is B) Financial resources mobilized to address climate change in developing countries. Global climate finance refers to the financial support provided by developed countries and other sources to assist developing countries in mitigating greenhouse gas emissions and adapting to the impacts of climate change. It includes public and private funds, grants, loans, and other financial mechanisms aimed at supporting climate action, sustainable development, and capacity-building efforts in developing countries.
What is the main objective of global climate finance?
Explanation: The correct answer is C) To support the transition to a low-carbon and climate-resilient future. The main objective of global climate finance is to provide financial support that helps developing countries mitigate greenhouse gas emissions, adapt to climate change, and build resilience. It aims to foster the transition to a sustainable and low-carbon economy, promote renewable energy deployment, enhance climate resilience, and support sustainable development pathways while addressing the challenges posed by climate change.
Where does global climate finance come from?
Explanation: The correct answer is D) All of the above. Global climate finance comes from a variety of sources. It includes financial contributions from developed countries, multilateral institutions, international organizations, philanthropic foundations, public funds, private investments, and innovative financing mechanisms. Donations, tax revenues, grants, concessional loans, and other financial instruments are used to mobilize resources and support climate-related projects and programs in developing countries.
What is the Green Climate Fund (GCF)?
Explanation: The correct answer is C) A financial mechanism under the United Nations Framework Convention on Climate Change (UNFCCC) to support climate action in developing countries. The Green Climate Fund (GCF) was established as part of the UNFCCC to channel financial resources to developing countries for climate adaptation and mitigation projects. It aims to promote a paradigm shift towards low-emission and climate-resilient development, supporting countries in implementing their NDCs and advancing their climate goals. The GCF provides grants, concessional loans, and other financial instruments to support a wide range of climate-related initiatives.
How does global climate finance contribute to sustainable development?
Explanation: The correct answer is D) All of the above. Global climate finance plays a vital role in supporting sustainable development. It promotes the deployment of clean technologies and renewable energy, contributing to a transition towards a low-carbon economy. It also enhances climate resilience by supporting adaptation measures and building capacity to cope with the impacts of climate change. Additionally, climate finance helps reduce poverty and promote social and economic well-being, as it can support projects that create employment opportunities, improve access to clean energy, enhance food security, and protect ecosystems and natural resources.