Multilateral banks crucial to financing fight against global warming

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Multilateral banks crucial to financing fight against global warming - Business Standard

Quick Summary:

Enter climate finance, a general term that means different things to different people but boils down to: paying for projects to adapt to and combat the cause of climate change.

As climate change leads to a seemingly endless stream of weather disasters around the world, countries are struggling to adapt to the new reality.

And then there is confronting the root cause of climate changethe burning of fossil fuels like coal, gasoline and oilby transitioning to clean energies like wind and solar.