Canada’s climate finance support for developing countries
Canada has committed $2.65 billion, by 2020, to help developing countries transition to low-carbon, climate-resilient economies, including:
- $300 million to the Green Climate Fund to support the poorest and most vulnerable countries in fighting the adverse effects of climate change—including the least developed countries, small island developing states, and African states—as well as mobilizing private‑sector resources for climate-friendly investments.
- $150 million to the G7 goal of installing 10 gigawatts of renewable energy capacity in Africa, by 2020, to fight energy poverty in-line with sustainable-development goals.
- $60 million to the G7 Climate Risk Insurance Initiative. This includes $10 million to the World Meteorological Organization to support better early-warning systems in the most vulnerable communities.
- $35 million to reduce short-lived climate pollutants, including $10 million to the Climate and Clean Air Coalition’s Trust Fund.
- $30 million to finance projects through the Least Developed Countries Fund. This fund addresses the urgent and immediate adaptation needs of the poorest and most vulnerable countries.
- $5 million for the Capacity Building Initiative for Transparency.
- $3 million for the Transformative Carbon Asset Facility at the World Bank.
- $2.5 million for the Climate Technology Centre and Network.
- $2 million for the National Adaptation Plan Global Network.
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