This report, based on data from the Climate Policy Initiative’s Global Landscape of Climate Finance 2023, tracks both international and domestic concessional climate finance. It presents key findings and recommendations for improving the scale and efficiency of concessional climate finance.
Key Findings include:
- International concessional climate finance increased by 50% from 2019, reaching USD 81 billion in 2022.
- The majority of the concessional financing came from bilateral development finance institutions (33%), followed by multilateral DFIs (30%), and direct government and agency funding (26%) at the project level.
- 42% of international concessional climate finance between 2019 and 2022 focused on climate mitigation, while 36% supported adaptation and resilience efforts.
- Data on domestic concessional climate finance is limited, but available information shows it is mainly directed toward mitigation and primarily provided by national governments and development finance institutions, highlighting their critical role.
