Green Finance, Green Futures Lesson 3: Climate

Transcript:Green Finance, Green Futures Lesson 3: Climate:
Green Finance, Green Futures Lesson 3: Climate Finance and me Click 'Slide Show', then 'from beginning' to start this lesson In lesson 3 we will... 3.1 Introduce the concept of Climate Finance 3.2 Outline the importance of COP26 3.3 Discuss possible career opportunities in Green Finance 3.4 Summarise the past 3 sessions 3.1 Climate Finance Global Approaches to Green Finance Climate Finance Climate Finance is an important area of Green Finance that is particularly concerned with transnational funding to manage climate change Developing countries who have contributed least to causing global warming, are often impacted most by the negative consequences. Climate Finance refers to public (governments) and private financing of projects focusing specifically on climate change mitigation and adaptation in developing countries. Adaptation to Climate Change: Efforts to prepare and adjust to current and future impacts of climate change. Climate Change Mitigation: This refers to avoiding and reducing emissions of greenhouse gases into the atmosphere. Click here to hear more about the purpose of Climate Finance from a United Nations representative. Adaptation Project Example: Thailand The Green Climate Fund is funding a project aimed at enhancing resilience in Thailand through effective water management and sustainable agriculture. Climate Change has caused an increase in the frequency of heavy rains in the Chao Phraya basin in Thailand, increasing the risk of severe floods. There is also risk of drought during the dry season linked to rising temperatures. Therefore, finance is needed to help this region ADAPT to this consequence of climate change. The Green Climate Fund has provided funding for flood control and irrigation infrastructure , ecosystem-based water management measures and climate-informed planning. Mitigation Project Example: Costa Rica Without mitigation measures, emissions from the transport sector in Costa Rica are estimated to rise by 44% by 2050. To help prevent these emissions, the Green Climate Fund is funding a project to install an electric light rail transit system in San José, the capital of Costa Rica. This new rail system will be powered by more than 98% renewable energy. Mitigation Funding If we do nothing Emissions rise by 44% by 2050 Electric train system powered by renewable energy will prevent those emissions being released. Source: Green Climate Fund https://www.greenclimate.fund/project/fp166 Who is involved in Climate Finance? Climate finance networks have been established to allow money to flow to adaptation and mitigation projects. There are several key players in Climate Finance Governments Governments can