Announcements

$1.7 billion committment over $2.65 billion climate change initiativesAs part of our $2.65B commitment, Canada has so far announced over $1.7B worth of initiatives to combat climate change. These initiatives help developing countries transition to low-carbon, sustainable and resilient growth. Below are some of our most recent announcements.

Recent announcements

$223.5 million to the Canadian Climate Fund for the Private Sector in the Americas

In partnership with the Inter-American Development Bank and IDB Invest, this initiative will help countries in the Americas and the Caribbean region adapt to and mitigate the effects of climate change. The second phase of the Canadian Climate Fund for the Private Sector in the Americas (C2F) is expected to leverage up to US$1 billion in private-sector investments for renewable energy, sustainable agriculture, and forestry to help the most vulnerable in the region, especially women and girls, adapt to climate change. It is also expected to reduce greenhouse gas emissions by 25 million tonnes.

$2 million for the Accelerator for Women Climate Entrepreneurs

This contribution will offer mentorship support in business and financial management, and examine and propose solutions to address the key barriers facing women-owned businesses in the delivery of climate-smart goods and services in developing countries.

$4 million to the National Adaptation Plans Global Network for climate-capacity building in developing countries

Through the National Adaptation Plans (NAP) Global Network Canada will support the poorest and most vulnerable countries’ efforts to adapt to the impacts of climate change. This funding will empower developing countries by giving them the tools to develop effective, home-grown solutions to adapt to the effects of climate change, including by building climate-change adaptation considerations into their policy, planning, and decision-making.

$60 million to establish a renewable energy in Small Island Developing States program at the World Bank

Canada supports the expansion of clean energy systems and infrastructure, the improvement of energy access for women and girls, and the provision of training and employment opportunities for women in non-traditional, sustainable technology sectors, in Small Island Developing States (SIDS).

$100 million for Climate Risk Insurance

This initiative will support the expansion of Climate Risk Insurance coverage in climate-vulnerable countries. It will aim to strengthen vulnerable countries’ ability to build back better and faster following natural disasters like hurricanes or floods.

Bilateral projects

A number of bilateral projects are also underway. Please consult Initiatives and programs and Global Affairs Canada’s project browser for more information on those projects.

For a complete list of announcements see Recent announcements.

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