Climate financing: EU supports developin • Table.Briefings

People walk through a part of the Amazon River that shows signs of drought in Santa Sofia, on the outskirts of Leticia, Colombia, Oct. 20, 2024. — Heat and drought: The EU supports developing and emerging countries in reducing their greenhouse gas emissions and protecting themselves from the effects of climate change.

Shortly before the UN Climate Change Conference in Baku, the EU publishes figures on climate financing for developing countries. This time, the member states have exceeded the previous year’s total.

The European Union and its member states supported climate action and adaptation to climate change in poorer countries with 28.6 billion euros last year. This is according to an announcement by the EU countries following a meeting of the Union’s finance ministers in Brussels. In 2022, the member states had already invested a similar amount (28.5 billion euros).

Climate financing: EU supports developing countries with 28.6 billion euros

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