Climate finance is a key topic of discussion at COP28 as it has been a bone of contention between low income countries and developed nations. Here is a look at the issue. Hence, statement 2 is correct. What is climate finance? Climate finance refers to large-scale investments required for actions aiming to mitigate or adapt to the consequences of climate change. Hence, statement 1 is correct. How much climate finance is being provided? Different organisations have debated over the actual amount of money being provided to developing nations. Last year, the Organisation for Economic Cooperation and Development (OECD) — largely...