Concern for Climate Finance When Climate Change

 Climate finance refers to the financing made in order to support the actions required to prevent or mitigate climate change. In this case the sources of financing is public or private which are made across the local, national as well as transnational boundaries. The main thesis of this study is concerned about the relevance of climate finance to prevent the issues related to climate in developed countries.


Climate Change Crisis and Developed countries' concern for Climate Finance

Developed countries are concerned about climate finance as the immediate effects of climate change, such as- droughts and heatwaves are curbing their overall production of cereals by 10 percent each year. This is creating scarcity of food, in developed countries. Again due to the transition in the climates of developing countries of Africa and Asia the total amount of food crops export to developed countries has been decreasing. This is indicative of agricultural vulnerability as well as severe famine in the developed countries in future. A real life example of the agricultural vulnerability due to climate change can be found in the impacts of unprecedented droughts in California. The Paris Agreement to on the subject of dealing with climate change reaffirms that developed countries should come forward and should become the primary contributors to the initiatives to combat climate change which are- Mitigation, Adaptation, etc.


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