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Development aid: How budget cuts jeopardize climate finance

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Published: March 12th, 2025,
Last updated: May 28th, 2025

At COP29, countries decided to provide 300 billion US dollars in climate finance.
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Contrary to their promises at the COP29 on climate finance, many developed countries are cutting their budgets for development cooperation and climate action. The debate about the Trump administration’s massive cuts to USAID’s development aid overshadows the fact that many European countries also give less rather than more money for development aid. An investigation by Table.Briefings shows that even the promised 100 billion US dollars per year for 2025 is at risk.

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Klimafinanzierung