Climate finance refers to local, national or transnational financing—drawn from public, private and alternative sources of financing—that seeks to support mitigation and adaptation actions that will address climate change. The Convention, the Kyoto Protocol and the Paris Agreement call for financial assistance from Parties with more financial resources to those that are less endowed and more vulnerable. Climate finance is needed for mitigation, because large-scale investments are required to significantly reduce emissions. Climate finance is equally important for adaptation, as significant financial resources are needed to adapt to the adverse effects and reduce the impacts of a changing climate.
Readiness and Preparatory Support Programme: With the objective of strengthening the country capacities to access climate finance, the Green Climate Fund has allocated resources under the GCF Readiness and Preparatory Support Programme (the Readiness Programme),to support countries raise awareness, develop capacities and engage all relevant stakeholders at national/ local level.
The Climate Finance Data Portal presents information on financial resources that have been made available to Non-Annex I Parties to the UNFCCC. The Portal consists of the following four modules:
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