Introduction to Week 3

In this video Hellen Dawo recaps the concepts explored in Week 2 and introduces the topic of this week: climate finance.

Funding for climate finance is organised using the polluter pays principle. The polluter pays principle states that the party responsible for producing pollution has to pay for the damage the pollution causes to the natural environment.

In order to develop and implement climate adaptation solutions, financial resources are needed. Two definitions of climate finance are discussed:

• the financial resources devoted to addressing climate change globally; and

• the financial flows to developing countries to assist them in addressing climate change