In 2022, the EU member states, the European Commission, and the European Investment Bank (EIB) collectively provided €28.8 billion for global climate financing, an increase of €6.5 billion compared to 2021. This information comes from a new analysis by the Climate Action Network (CAN), which was presented on Thursday. The largest share (almost €22 billion) came from the member states. Germany (€9.5 billion) and France (€7.6 billion) are the largest contributors. However, France provides a significant portion of this through loans (84 percent), which the study’s authors criticize as it can increase the debt burden in recipient countries.