FINANCING CLIMATE ACTION: ALL TOLD…
The numbers aren’t adding up… Only US$ 89.6 billion was collected in 2021 (83.3 in 2020) out of the 100 per year promised at COP15 in Copenhagen (2009) to help emerging countries reduce their GHG emissions and adapt to climate change.How does this financial assistance work?
The four key points of global climate financing
6 min
30/11/2023
1
WHO FINANCES AND HOW?
2
WHAT SUMS HAVE BEEN MOBILIZED?
THE TARGET OF MOBILIZING $100 billion/year set during COP15 in Copenhagen for 2020 — reiterated during COP21 in 2015 and extended to 2025 — has not been reached.
3
FOR WHICH BENEFICIARIES?
DESTINATION REGIONS OF CLIMATE FINANCE
(Total funding, in billions of dollars, annual average 2019/2020)
RÉGIONS DE DESTINATION DU FINANCEMENT CLIMATIQUE (Tous financements confondus, en milliards de dollars, moyenne annuelle 2019/2020).
4
FOR WHICH SECTORS OF ACTIVITY?
DISTRIBUTION OF PROVIDED AND MOBILIZED CLIMATE FINANCE (%)
SOURCES
- OECD (2023), Climate Finance Provided and Mobilised by Developed Countries in 2013-2021
- Climate Policy Initiative
- Banque de France (2023)
- WRI (The State of Nationally Determined Contributions: 2022)
- Global Synthesis Report on Climate Finance – Climate Chance, 2022
- WeAdapt / Climate finance: is it making a difference? A review of the effectiveness of multilateral climate funds (mise à jour janvier 2023)
- Global Landscape of Climate Finance 2021
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