Climate change is one of the defining challenges of our time, but today we have an historic opportunity to change course. The global carbon pricing revenue in 2021 increased by almost 60 percent from 2020 levels, to around $84 billion, providing an important source of funds to help support a sustainable economic recovery, finance broader fiscal reforms, or invest in communities as part of the low-carbon transition future. Required Discuss the role of carbon market in promoting climate finance.