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Public Climate Funding - 2023
July 15 , 2025
15 hrs 0 min
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- The research group Climate Policy Initiative (CPI) released its Global Landscape of Climate Finance 2025 report.
- The report found that global climate finance reached a record $1.9 trillion in 2023 — a 15% increase over 2022.
- Finance with both mitigation and adaptation benefits tripled since 2018, reaching $58 billion in 2023.
- Private finance surged past $1 trillion for the first time.
- It was driven by the household investments in electric vehicles (EVs) and rooftop solar, while public finance dropped 8% amid fiscal tightening in major economies.
- Climate finance remains regionally concentrated, with 79% flowing to East Asia and the Pacific (mostly China), Western Europe, and North America, where 89% of funds were domestically sourced.
- Sub-Saharan Africa and other EMDEs sourced just 23% of their climate finance domestically.
- International public finance to EMDEs has doubled to $196 billion since 2018.
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