climate finance

Syllable breakdown

Dictionary meaning

financial flows — from public, private, and alternative sources — directed toward mitigation and adaptation activities that address climate change; includes developed-country funding commitments to developing nations (the $100 billion per year pledge made at COP15 in 2009), green bonds, carbon markets, and multilateral development bank financing; at COP29 (2024), a new collective quantified goal (NCQG) of $300 billion per year was agreed, controversially short of developing nations' $1.3 trillion demand

Examples

• Scaling up climate finance to developing nations is a central demand at every COP summit.
• The green bond market has grown to over $1 trillion annually as climate finance mainstreams.

American: 'FY-nanss' or 'fih-NANSS'; British: 'FY-nanss'. British often stresses the first syllable.

Synonyms: green finance, climate investment, climate funding