16Global landscape of climate finance
According to the United Nations (UNFCCC, 2022):
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.
Climate change creates climate-related risks that are incorporated in several different types of risk. Transition risks involve changes in law, policy, technology, and markets related to the transition to a lower-carbon energy supply (Center for Climate and Energy Solutions, 2022). Those risks include regulatory risk such as climate laws and policies that affect how companies operate, and liability risk, such ...
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