Global climate financing: doubled, but f • Table.Briefings

Weltbank Frühjahrstagung 2024 — This meeting, held mid-April in Washington by the IMF and World Bank, also focused on increasing climate funds.

In 2021/22, a record 1.3 trillion dollars was invested worldwide in combating the climate crisis. At the World Bank meeting, countries pledged more money for the protection of common goods. German Climate Envoy Jennifer Morgan also emphasized the responsibility of wealthy emerging countries to contribute financially.

Global funds for fighting the climate crisis nearly doubled in the period from 2021/22, according to a new data collection. Annual global spending on CO2 mitigation and adaptation rose to almost 1.3 trillion dollars compared to about 650 billion dollars in 2019/20, a recent analysis by the climate policy Initiative shows. However, the sums are still far from what is needed to curb climate change.

Global climate financing: doubled, but far from sufficient for goals

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