Access to climate finance

Public climate finance funds are channeled through different institutions, mostly bilateral and multilateral financial institutions or national government aid agencies. Public and private intermediaries are key players in channeling and raising climate finance.

There is a wide range of mechanisms to access international climate finance. An overview of the global architecture of public climate financing mechanisms is available in the 2019 report of the Climate Funds Update.

Canada works closely with its delivery partners to implement the $2.65B climate finance commitment. The illustration below shows how Canadian international climate finance reaches developing countries.

Long description
Canada's climate finance distribution channels to developing countries
Source of funds Institutions and partners Delivery instruments
Canadian Government - $2.65 Billion

Bilateral projects

  • via Environment and Climate Change Canada
  • via Global Affairs Canada

Multilateral Climate Funds

  • Green Climate Fund
  • Global Environment Facility, including the Least Developped Countries Funds

Multilateral Development Banks

  • World Bank, including the International Finance Corporation
  • Asian Development Bank
  • Inter-American Development Bank
Grants, concessional loans and other instruments
Export and Development Canada + FinDiv Additional climate-relevant public financing Loans at market rates and other instruments
Private investors Private investments mobilized following federal climate finance Private and public/private investments

More information

For more information on how to access bilateral projects, please visit International development funding.

To access multilateral funding, please refer to delivery’s partners’ guidelines and procedures for funding opportunities, including:

Main multilateral climate funds

Multilateral development banks (and their Canadian facilities where existing)

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