After the Paris climate agreement, the government level parties of developed countries formally formed new concessional funding sources for financing climate friendly improvements around the world. This formation of climate finance is defined as the global climate finance in this chapter. In other words, when two or more countries jointly form a source of fund only for climate friendly investments is also called the global climate finance (GCF). For example, the U.S., Paris, Japan, Canada, and Australia are unitedly forming a global climate finance to support low carbon economies in the world.
Published in Chapter:
Sustainable Approaches of Blockchain Tech, Artificial Intelligence, and Climate Finance in the 4&5IR: Low Emission Technologies and Economy
Copyright: © 2023
|Pages: 32
DOI: 10.4018/978-1-6684-8361-9.ch004
Abstract
Save the green and live in the green should be the mottos of the modern high-tech world. Industry 4.0 introduces the most advanced automated technologies, but many of them cause high CO2 emissions around the globe that need strong compelling force because any catastrophic changes in the climate causes dreadful vandalization in the economy and society. This chapter discusses the climate-friendly economic and low-emission technological developments in the 4IR and 5IR by using the practical-sense mechanism. Reading this chapter will therefore increase the knowledge of blockchain technology (BT), artificial intelligence (AI), and climate finance in the low carbon economic sustainability. Furthermore, the proposed green development themes (i.e., hybrid green city and industrial layout, hybrid low emission agriculture farm) affirms the sustainable low carbon economic developments in the forthcoming Industry 5.0. Finally, the strategic recommendations will assist in developing the low carbon economy with the perfection of BT, AI, and global climate finance in the world.