Climate Action

Living Edition
| Editors: Walter Leal Filho, Anabela Marisa Azul, Luciana Brandli, Pinar Gökcin Özuyar, Tony Wall

Financial Market Services: Finance Flows for Climate Change Adaptation

  • Amrita SinghEmail author
  • S. Jeff BirchallEmail author
Living reference work entry


Financial market service describes a marketplace where financial assets (e.g., equities, bonds, currencies, loans, and derivatives) are traded. Climate finance refers to the trade of financial assets, within a market, for the purpose of financing projects that combat adverse effects associated with climate change. Most discussions on climate finance also include a discussion on climate finance flows, i.e., who is contributing financial resources and how much, and what types of assets are being traded and for what specific purpose. Simply put, climate finance flows refer to the breakdown and movement of climate finance from funding sources to climate projects.

Currently there is no single definition of climate finance (Buchner et al. 2011; Haites 2011; Stadelmann et al. 2011). According to the authors of the first ever climate finance chapter in the Intergovernmental Panel on Climate Change’s (Gupta et al. 2014) assessment report, some scholars and institutions make...

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.School of Urban and Regional Planning, Department of Earth and Atmospheric SciencesUniversity of AlbertaEdmontonCanada

Section editors and affiliations

  • S. Jeff Birchall
    • 1
  1. 1.Urban and Regional Planning, Department of Earth and Atmospheric Sciences, University of AlbertaEdmontonCanada