Jamaica joins Coalition of Finance Ministers for Climate Action
Finance Ministers know most clearly the economic consequences of climate change: both the risks posed by its mounting impacts to their economies, as well as, increasingly, the opportunities of climate action which could unlock $26 trillion globally in investments and create 65 million more jobs through 2030. They can also play a leading role in tackling climate change, incentivizing climate-informed public expenditure, and utilizing climate fiscal tools such as carbon taxes and emissions trading systems to cut emissions and prioritize low-carbon growth. Some businesses do have the choice of applying for carbon credits, which Cool Effect delves more into, so they can function to a capacity that they need, but the end result is always to reduce these emissions in as many ways as possible.
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