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The Use of Carbon Finance for Struggling With Climate Change

The Use of Carbon Finance for Struggling With Climate Change
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Author(s): Filiz Konuk (Sakarya University, Turkey)
Copyright: 2019
Pages: 27
Source title: Green Finance for Sustainable Global Growth
Source Author(s)/Editor(s): Sang-Bing Tsai (University of Electronic Science and Technology of China Zhongshan Institute, China & Civil Aviation University of China, China & WUYI University, China), Chung-Hua Shen (Shih-Chien University, Taiwan), Hua Song (Renmin University of China, China) and Baozhuang Niu (South China University of Technology, China)
DOI: 10.4018/978-1-5225-7808-6.ch013

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Abstract

The developments in science and technology have brought a lot of problems with them. The most important of these is climate change, which appears at the global level. The effect of climate change, which comes first as an environmental problem, cannot be ignored. Management, which has had serious income and economic losses because of weather conditions, has taken several precautions in order to reduce climate change risks. One of these is weather derivations. Weather derivations are a safety type that makes the determined payments if there are defined weather events. However, the most commonly used are weather option agreements, weather swap agreements, and weather future agreements. In the chapter, climate change and the weather derivations that are a means that managements use to avoid climate change risks will be explained.

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