Carbon finance is a widely used method of climate action promoted by states. However, it’s an area where much needs to change to be effective.
Global warming has become a much more painful problem than we might have expected. Extreme weather events related to climate change have resulted in a total loss of about $65 million in the first half of 2022. Perhaps the second half of the year will provide even scarier numbers. Europe was hit by drought and extreme heat this summer. The worst of these heatwaves have resulted in several fires, and the death toll from weather-related disasters is only increasing.
