In this video, Carola Moreno of the Ministry of Finance for Chile explains how climate bonds work and how governments can use them to raise finance for their climate goals. Climate bonds are debt securities brought to a financial market by either governments or the private sector (e.g., banks and enterprises) and can be used to raise funds for climate initiatives. 

She also explains how carbon pricing puts a price on greenhouse gas emissions, sending a price signal to businesses and investors, to encourage them to decarbonize their activities. 

Finally, she also explains how countries can use budget tagging and other methods to monitor their climate finance and track how public, private and international funding has been allocated and spent for mitigation, adaptation and other climate-related initiatives.