Talk:Climate finance

Wiki Education Foundation-supported course assignment

This article was the subject of a Wiki Education Foundation-supported course assignment, between 8 September 2021 and 17 December 2021. Further details are available on the course page. Student editor(s): UnderTheOrchard, Jvaughan24. Peer reviewers: Fcatauro, Ahirsch08.

Above undated message substituted from Template:Dashboard.wikiedu.org assignment by PrimeBOT (talk) 19:12, 17 January 2022 (UTC)

Difference with green finance?

There is no WP entry on "green finance" so I recently redirected it from Eco-investing to here. However I'm having second thoughts. Is cliamtre finance the same as green finance? Or should we create a specific "green finance" or "sustainable finance"? I'm surprise it doesn't exist already.Stanjourdan (talk) 18:30, 27 November 2020 (UTC)

Hi @Stanjourdan: Climate finance is something proposed directly through international frameworks for addressing climate change -- this is different than the broader trends in finance, I would think,Sadads (talk) 20:31, 28 November 2020 (UTC)

Hi @Stanjourdan:, thanks for flagging this. I took another look at the definitions and think the original redirect of "green finance" to Eco-investing was more appropriate, so I have put it back to how it was. Both pages need more work to build them up... EMsmile (talk) 10:36, 28 December 2020 (UTC)

Wiki Education assignment: NASE 337-1 Global Climate Change

This article was the subject of a Wiki Education Foundation-supported course assignment, between 25 January 2022 and 29 April 2022. Further details are available on the course page. Student editor(s): Munachiokoro1 (article contribs). Peer reviewers: Pizzaguru16.

Some tidying up work

I've just done some tidying on this article: I've removed some content (some of it added by students) that was unsourced or digressing into the topics of other Wikipedia articles. I've also re-arranged the structure a bit, e.g. created a new section called "types". Thoughts anyone? EMsmile (talk) 09:54, 22 September 2023 (UTC)

Also, there is an important sub-article that we shouldn't overlap with too much from our section "Finance for mitigation": Economics of climate change mitigation#Finance. EMsmile (talk) 09:57, 22 September 2023 (UTC)

I like the addition of Types section and have started adding to this. I will try to fill in the gaps ie. bilateral and domestic. Do you think it is better to separate the description of types from the quantitative information of the amounts committed and disbursed (which comes lower down) ? I'm planning to soon also create a 'finance for adaptation' section within this article - no need for a sub article I think. Richarit (talk) 15:02, 26 November 2023 (UTC)

I don't understand your question? Are you saying you would prefer to have the section on amounts committed moved further up? EMsmile (talk) 11:01, 29 January 2024 (UTC)

I have tried to keep separate the description of the funding types and funds from the amounts of funding, so that they will be easier to update when the numbers change. Richarit (talk) 14:37, 8 February 2024 (UTC)

Proposal for different first sentence

I've changed the first sentence of the lead to this: Climate finance are funding processes for investments related to climate change mitigation and adaptation. Previously it was just a long quote from that UN definition which was not very lay person friendly: Climate finance is "finance that aims at reducing emissions, and enhancing sinks of greenhouse gases and aims at reducing vulnerability of, and maintaining and increasing the resilience of, human and ecological systems to negative climate change impacts". Thoughts? EMsmile (talk) 09:55, 22 September 2023 (UTC)

Hi, maybe we could simplify it further as: "Climate finance is money provided to address climate change, including local, national and international money." And: "Climate finance is needed to help reduce greenhouse gas emissions and to adapt to current and projected effects of climate change." Based on these sources:

"The term climate finance is applied to the financial resources devoted to addressing climate change by all public and private actors from global to local scales, including international financial flows to developing countries to assist them in addressing climate change. Climate finance aims to reduce net greenhouse gas emissions and/or to enhance adaptation and increase resilience to the impacts of current and projected climate change." IPCC glossary.

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 finance is needed for mitigation, because large-scale investments are required to significantly reduce emissions. Climate finance is equally important for adaptation, as significant financial resources are needed to adapt to the adverse effects and reduce the impacts of a changing climate." UNFCC Introduction to Climate Finance Richarit (talk) 14:54, 26 November 2023 (UTC)

That sounds good, please go ahead with this change. Only that I find it a bit unclear to say "is money provided to". But it's equally unclear to say "are funding processes for investments".

For brainstorming purposes I've asked Chat-GPT about this and it suggested "Climate finance refers to the mechanisms and resources allocated to address the financial challenges associated with mitigating and adapting to the impacts of climate change." When I asked it to say the same in simpler terms it said: "Climate finance is about the money and tools used to tackle the financial issues linked to dealing with and adapting to the effects of climate change." EMsmile (talk) 10:48, 29 January 2024 (UTC)

Many edits made in end of 2023

Main changes:

• new section on subcategories. moved mitigation finance section here; added new subsection on adaptation finance based on AGR/IPCC
• included 'UNFCCC obligations' context section with the definition
• types of finance section was improved with new subsections on bilateral and domestic; separating multilateral funds from multilateral banks
• information about current finance flows was separated from the funds information and put into 'finance committed' section and into subcategories (together with the estimates of the finance needs/costs and discussion of the finance gap)
• financial instruments section was improved
• challenges section was added with some reorganisation and irrelevant text being deleted

Things still to work on:

• challenges such as the low income countries' debt burden and limited fiscal space, and the suggestion for reform of global finance - Bridgetown Initiative
• regional finance eg. city-regions
• coverage of domestic finance could be improved Richarit (talk) 12:04, 6 February 2024 (UTC)

Thank you very much for sorting important stuff which was hard for some of us to understand Chidgk1 (talk) 13:02, 6 February 2024 (UTC)

@Richarit Are you thinking of nominating this for “good article”? As you say it needs more work, but as it is probably now better than “quick fail” you could continue improving it whilst awaiting a reviewer.

I don’t like reviewing articles but almost all the reviews of articles I have written have included several useful suggestions - so I recommend nominating. Especially for a specialized topic like this as you will probably get several readability suggestions Chidgk1 (talk) 13:14, 6 February 2024 (UTC)

Thanks a lot for your feedback and recommendation. I think I will probably not nominate this one because I am not planning to make further improvements. However I am planning to ask a colleague to look at it for readability editing over the next few weeks. Richarit (talk) 13:59, 8 February 2024 (UTC)

Green bond should not be equated with climate bond

I don't think we should say in this article that green bond equals climate bond. A green bond could also refer to other environmental causes. I came to this while doing work on the SDG article, using content from this paper: https://journals.sagepub.com/doi/10.1177/25148486231159301. Here they speak of "green and SDG bonds". A quick Google search took me to this (link): "While green bonds are often seen as identical to climate bonds, green bonds offer a broader spectrum of instruments related to environmental projects. ". Pinging User:Richarit EMsmile (talk) 12:10, 19 November 2024 (UTC)