Carbon Finance Could Trigger Shift to Sustainable, Low-Carbon Global Economy
The article discusses how climate finance can help shift towards a low-carbon society by aligning economic development with global climate goals. By using carbon finance to support low-carbon investments, we can reduce carbon emissions and promote sustainable growth. This approach can be more effective than just relying on a world cap-and-trade system. Upgrading climate finance is crucial for triggering the transition to a low-carbon society and can benefit both developed and developing countries.