Climate Finance Slashes Emissions, Boosts Green Growth in Developing Nations
The article looks at how money for fighting climate change helps countries reduce carbon emissions and go green. Researchers studied climate finance given between 2000 and 2018 to see if it helps countries cut carbon emissions and promote eco-friendly growth. They found that climate money actually helps cut carbon emissions. The impact of funds for stopping emissions seems stronger than funds for adjusting to climate changes. Plus, the reduction in emissions is more noticeable in small islands and countries with strong economies. These results can guide decision-makers in reaching net-zero emissions and improving the environment.