Announcements

In 2021, Canada doubled its international climate finance commitment to $5.3 billion over the next five years. Below is a list of key announcements to date.

Recent announcements

Up to $1B to the Climate Investment Funds – Accelerated Coal Transition Initiative (CIF-ACT)

At COP26, Canada announced it will contribute up to $1 billion to CIF-ACT to help developing countries transition from coal-fired electricity to clean power as quickly as possible. This contribution will help lead to the successful implementation of country-level strategies and associated kick-start projects, build support at the local and regional levels, and accelerate the retirement of existing coal mines and coal power plants while enabling new economic activities and contributing to a socially inclusive and gender equal transition.

See news release for more information.

$315M to Partnering for Climate

This initiative will fund projects from civil society, Indigenous Peoples and other organizations in Canada that support climate change adaptation in Sub-Saharan Africa and other parts of the world. This project includes two funding envelopes: the first, of $300 million, encourages broad non-governmental engagement in climate change programming in sub-Saharan Africa—including $20 million for advancing women's rights and climate change adaptation; the second, of $15 million, supports Indigenous peoples and organizations in Canada in advancing climate action alongside Indigenous partners in developing countries. Projects announced as part of Partnering for Climate include:

• $30 million announced at IMPAC5 to support Regenerative Seascapes for People, Climate and Nature Mission Inclusion
• $20 million announced at IMPAC5 to Natur'ELLES
• $16.5 million announced at IMPAC5 to support Conservation and Sustainable Management of Coastal and Marine Ecosystems
• $16 million announced at COP15 for feminist climate action in West Africa

See news release and program page for more information.

$74M to the 8th replenishment of the Global Environment Facility (GEF-8)

Canada has announced $219M as part of the 8th Replenishment of the Global Environment Facility (GEF), of which $74M is from its climate finance commitment. The GEF helps support sustainable land and forestry management, reduction of air and water pollutants and protection of ecosystems, in addition to climate change mitigation. The GEF also focuses on international waters and oceans management.

See news release and backgrounder for more information.

$55M to CGIAR's Climate-Smart Agriculture and Food Systems Research

The climate crisis has also meant that food, land, and water systems around the world are facing new challenges and threats. That is why Canada is supporting new innovation on climate-resilient agriculture and food systems. At COP26, Canada announced it will provide $55 million dollars over three years for CGIAR, a global research partnership that aims to transform these systems to not only strengthen food security and end hunger, but also promote gender equality, create new jobs and livelihoods, and deliver climate and environmental benefits around the world. Canada is a founding member of CGIAR (formerly the Consultative Group for International Agricultural Research) and has been a top-ten donor for the last decade.

See news release for more information.

$37.5M to the Least Developed Countries Fund (LDCF)

At COP26, Canada announced it will renew its support to the LDCF by providing up to $37.5 million to address the adaptation needs of the poorest and most vulnerable countries. The LDCF supports critical, on-the-ground projects in sectors such as water, agriculture and food security, disaster risk management and prevention, and fragile ecosystems. This builds on Canada's previous contribution to the LDCF from its $2.65 billion climate finance commitment (2015-2021).

See news release for more information.

$28M to the Energy Access Relief Fund (EARF)

At COP27, Canada announced support for the Energy Access Relief Fund (EARF). This initiative aims to reduce the economic impact of COVID-19 on renewable, off-grid energy companies in Africa and Asia and their clients. Project activities include: (1) maintain the emission reductions already achieved by the off-grid energy sector; and (2) position energy access companies to extend emission reductions to other clients beyond the crisis. EARF will provide much-needed financial liquidity to off-grid, renewable energy companies that may otherwise have to reduce their workforces or shut off access to energy for their customers.

See news release for more information.

$25M to the World Bank's Energy Sector Management Assistance Program (ESMAP)

At COP26, Canada announced a $25 million contribution to ESMAP, a partnership with the World Bank. This will help develop and implement clean energy alternatives, and support low- and middle-income countries in the transition to a cleaner economy.

See news release for more information.

$20M to support national climate measurement, reporting, and verification (MRV) systems in West Africa

The contribution will support four West African countries – Ghana, Liberia, The Gambia and Togo – to help them build the capacity of their national climate measurement, reporting, and verification (MRV) systems. MRV systems are a crucial step for nations to develop strong and effective mitigation policies and actions because they give governments transparent, accurate, and comparable information on emissions sources.

See news release for more information.

$18.7M to support Scaling-up Nature Based Leadership Platforms

At COP15, Canada announced an investment of $18.7 million in support of Scaling-up Nature-Based Leadership Platforms through the International Model Forest Network. This investment will support efforts to scale up forest and landscape restoration, enable inclusive landscape governance and equip the next generation of forest leaders to address the twin crises of climate change and biodiversity loss in official development assistance eligible countries. This project will contribute in part to delivering on Canada's commitments under the Global Forest Finance Pledge and the Forests and Leaders' Partnership.

See the news release for more information.

$16M for the Partnership for Market Implementation (PMI) at the World Bank

At COP27, Canada announced an additional contribution to support the Partnership for Market Implementation. This project will help support the expansion of carbon pricing tools internationally. Built on a decade of readiness experience, the PMI is the primary global platform for supporting the concrete implementation of domestic carbon pricing tools such as carbon taxes and emission trading systems by developing countries.

See news release for more information.

$15M to Women-Led Coal Transition Mechanism

This project aims to foster women's climate leadership and effective participation in the design of, and decision making regarding, coal transition strategies and the implementation of projects funded by the multi-donor Climate Investment Fund Accelerating Coal Transition program, to which Canada will contribute up to $1 billion.

See news release and backgrounder for more information.

$14.8M to Rural Women Cultivating Change in Ethiopia, Kenya and Tanzania

Through the use of agro-ecological approaches that encourage equitable production, sustainable resource management and market access, this project will empower women and encourage gender-transformative change. Working in collaboration with women's rights and agriculturally-based organizations, support will be provided to advance climate adaptation, increase food security, enhance gender equality, reduce sexual and gender-based violence and improve livelihoods for rural women.

See news release and backgrounder for more information.

$12M to Enhancing Eco-systems and Coastal Protection for Climate Change Resilience in the Caribbean

This project is funded in partnership with the Caribbean Community Climate Change Centre (CCCCC) and aims to increase the climate resilience of communities and vulnerable populations in the Caribbean. Acknowledging that climate change contributes to the degradation of the Caribbean's coral reefs and coastal ecosystems, this initiative seeks to transform the way coral reefs and coastal ecosystems are managed to protect their biodiversity is and sustain the vital services they provide.

See news release and backgrounder for more information.

$10M to the Moroccan Forest Strategy / Resilient women of the Middle Atlas Project

Canada announced $10M to support the Moroccan Forest Strategy project through the International Development Co-operation Company, a Canadian non-governmental organization. This project will support the operationalization of the new Moroccan Forest Strategy in the Khenifra National Park area. By empowering women to be primary forestry actors, the project takes an integrated approach to the management of forest ecosystems and recognizes the key role local communities play in the protection and conservation of biodiversity.

See news release and backgrounder for more information.

$10M to the Biodiversity Finance Initiative (BIOFIN)

Canada has announced $10M to support Nature, Climate and People through BIOFIN. This funding will help implement climate-nature positive-finance solutions, improved biodiversity management and climate adaptation with clear benefits for women and Indigenous groups in developing countries, as well as enhanced well-being for people dependent on nature's services. Activities of this initiative include clarifying biodiversity financing needs, developing a finance plan and selecting priority solutions with the highest potential to implement the Post-2020 Global Biodiversity Framework.

See news release and backgrounder for more information.

$10M to Promoting Climate Smart Agriculture and Agro-biodiversity for Enhancing Adaptive Capacity of Vulnerable Rural Communities in Old and New Lands of Upper and Lower Egypt

At COP27, Canada re-iterated its intention to support climate-smart agriculture and agriculture biodiversity practices to help rural communities in Aswan, Beheira, and Kafr El Sheikh, Egypt. The project will be delivered through the Food and Agriculture Organization of the United Nations. It supports gender equality and the economic empowerment of rural women and men by increasing the adaptive capacities of poor and vulnerable rural populations to climate change, including landless, unemployed, under or seasonally employed individuals. This project is expected to benefit over 8,000 smallholder farmers and 144 locally-based organizations, including government ministries, academic institutions and local organizations.

See news release for more information.

$10M for the Climate Risk Early Warning Systems (CREWS) initiative

Canada announced $10 million in funding over four years for the Climate Risk and Early Warning Systems initiative to improve emergency preparedness in developing countries, particularly the small island developing states. By providing funding to the CREWS Trust Fund, Canada is helping to avert, minimize and address loss and damage and ensure that all people, particularly those most vulnerable to climate change, have access to authoritative information and services to make decisions about their health, safety and property in response to the growing unprecedented weather caused by climate change.

See news release for more information.

$10M to the Adaptation Fund

At COP26, Canada announced it will contribute up to $10 million to the Adaptation Fund, which finances projects and programs that help vulnerable communities in developing countries adapt to climate change, including the most climate-vulnerable countries such as Small Island Developing States and least developed countries. With this first contribution to the Adaptation Fund, Canada supports developing countries' full ownership of adaptation projects, from planning through implementation.

See news release for more information.

$10M to the Climate and Clean Air Coalition (CCAC)

At COP26, Canada announced it will invest $10 million over five years towards the CCAC Trust Fund. As a founder and a top donor to the Coalition, Canada's contribution will provide critical long-term support to advance the mandate of the CCAC to reduce the emissions of short-lived climate pollutants across key sectors.This support builds on Canada's previous $10 million contribution from its $2.65 billion climate finance commitment (2015-2021).

See news release for more information.

$10M to the National Adaptation Plan (NAP) Global Network

At COP26, Canada announced it will contribute up to $10 million for the NAP Global Network which works with developing countries to address structural drivers of climate vulnerability, as well as to empower women, marginalized groups, and those most affected by climate impacts to participate in the NAP process and shape a country's adaptation priorities. Canada's contribution to the NAP Global Network build on its previous $4 million contribution from its $2.65 billion climate finance commitment (2015-2021). With this additional funding, the Network will continue and expand technical support, innovate and experiment with peer learning, and make knowledge around NAPs more accessible and compelling.

See news release for more information.

$9M to Phases II and III of the Ocean Risk and Resilience Action Alliance (ORRAA)

At COP26, Canada announced it will contribute $9 million for ORRAA, to support their ongoing work helping Small Island Developing States and coastal developing countries increase their resilience to the impacts of climate change through nature-based solutions. Canada is a founding partner of ORRAA, and this additional support builds on its previous $2.5 million contribution from the $2.65 billion climate finance commitment (2015-2021).

See news release for more information.

$8M to Caribbean Organizations for a Resilient Environment (CORE) Project

This project will provide small- to medium-sized grants to local environmental and women-rights organizations to reach key ecosystems such as mangroves, coral reef and forests, and increase ecosystem services that support the resilience of Caribbean communities to climate change. Partner organizations will work in areas of waste management, tourism, agriculture and fisheries with a view to improving ecosystem health to protect the region's marine and terrestrial biodiversity that underpin the livelihoods of local populations.

See news release and backgrounder for more information.

$8M to the International Energy Agency Clean Energy Transitions Programme

At the International Energy Agency (IEA) Ministerial meeting, Canada announced an $8 million contribution over 4 years to the IEA's Clean Energy Transitions Programme (CETP). Canada's contribution will support major emerging markets to build capacity for clean energy transitions. With a focus on emerging economies, the CETP aims to advance expert-level cooperation between countries/regions and assist them in their clean energy transition priority-setting through high-level strategy planning, technical capacity building, and sharing international experience.

See news release for more information.

$7 million to Enhancing Climate Resilience of Biodiversity Hot Spots in Jordan

Canada announced $7 million to support Enhancing Climate-Resilience of Biodiversity Hot Spots in Jordan through the International Union of Conservation of Nature. This project aims to improve the resilience of climate-vulnerable ecosystems and increase the size of restored forest ecosystems in southern Jordan. The project also aims to increase the participation of women, youth and marginalized groups in decision-making processes to derive benefits from the implementation of nature-based solutions in the region.

See news release and backgrounder for more information.

$7M to the Global Shield Financing Facility

At COP27, Canada announced funding for the Global Shield Financing Facility. This initiative will help make climate-vulnerable countries more resilient and protect the lives and livelihoods of the most vulnerable, including women and girls. This investment supports the Global Shield against Climate Risk to strengthen the Global Climate Risk Finance and Insurance Architecture.

See news release for more information.

$6M to the Global Fund for Coral Reefs (GFCR)

At COP26, Canada announced it will contribute $6 million for the Global Fund for Coral Reefs to support international efforts in coral reef conservation and restoration. Through blended finance and innovative public-private partnership, the GFCR is catalysing the private sector's role in the conservation and restoration of vital coral reef ecosystems. This contribution is part of the Canada's efforts to enhance its support for Nature-based Solutions and biodiversity in developing countries.

See news release for more information.

$6M to the Climate Technology Centre and Network (CTCN)

Canada announced a renewed contribution of $6 million to the Climate Technology Centre and Network (CTCN), which is a body created under the UNFCCC, to promote the accelerated development and transfer of climate technologies for energy-efficient, low-carbon, and climate resilient development. The contribution will provide developing countries with the technical assistance and capacity building support needed to meet technology needs in pursuit of Nationally Determined Contributions.  

See news release for more information.

$5M to the OECD's Clean Energy Finance and Mobilization (CEFIM) Programme

At COP27, Canada announced that it will contribute $5 million to CEFIM to support finance mobilization for energy transition efforts in developing countries. This contribution will help to strengthen domestic enabling conditions to attract finance and investments in renewables, energy efficiency, and decarbonisation of industry in emerging economies. The programme supports countries in the development of policies and instruments to help scale up a pipeline of bankable clean energy projects.

See news release for more information.

$5M to UNOPS' Southeast Asia Energy Transition Partnership (SEA ETP)

At COP27, Canada announced that it will contribute $5 million to the SEA ETP to support coal phase out in Southeast Asia. The partnership aims to empower its partner countries – Indonesia, Philippines and Viet Nam – to transition towards energy systems that simultaneously ensures environmental sustainability, economic growth and energy security. The SEA ETP brings together philanthropies with governments to accelerate energy transition in Southeast Asia. Canada's commitment to the SEA ETP will support coal phase out in the region by providing technical assistance to support their nationally determined contributions and Sustainable Development Goals.

See news release for more information.

$5M to Rocky Mountain Institute for Climate Finance Access Network (CFAN)

At COP27, Canada announced $5M in funding through the Rocky Mountain Institute (RMI) to support the Climate Finance Access Network (CFAN) expand its work with climate-vulnerable countries. The Climate Finance Access Network has made great strides in building developing countries' capacity to structure and securing public and private finance for priority climate mitigation and adaptation investments.

See news release for more information.

$5M for the Initiative for Climate Action Transparency (ICAT)

This initiative will help improve the technical and institutional capacity of developing countries to support NDC implementation and to meet the reporting requirements under the Paris Agreement. Canada's contribution aims to create and strengthen regional cooperation networks to facilitate resource-pooling and peer-learning in priority regions.

See news release for more information.

$4.8M to Water for Resilience in the Eastern Caribbean

This project seeks to address the loss of habitat and ecosystem services that support a secure water supply in response to the significant variability in weather patterns and extreme weather events combined with pressures from poor land-use management. The project will increase water security in Eastern Caribbean communities through gender-responsive access and nature-friendly water supplies for agricultural and home use.

See news release and backgrounder for more information.

$4.6M to Sustainable Economic Development Through Renewable Energy in Jordan

This project aims to expand the use of renewable energy and energy-efficient solutions in households, schools and public institutions in some of the poorest communities in Jordan. The project will integrate gender equality considerations, such as providing gender-sensitive vocational training in renewable energy and empowering women's decision-making in renewable energy solutions.

See news release and backgrounder for more information.

$4.5M for Accelerating Green and Climate Finance in the Philippines

Canada announced $4.5 million to accelerate green and climate finance in the Philippines. The project aims to accelerate the flow of private capital to investments in nature-based solutions (including for marine-protected areas), improve financial institutions' integration of gender-responsive and climate-related policies in their lending programs, and strengthen monitoring and reporting on the Sustainable Development Goals' impacts on green and climate investments.

See news release and backgrounder for more information.

$4.5M to support national climate measurement, reporting, and verification (MRV) systems in Pacific Alliance countries

Canada announced $4.5 million, over four years, to support Pacific Alliance countries in strengthening their national climate measurement, reporting, and verification (MRV) systems. MRV systems are critical for nations to develop strong and effective mitigation policies and actions, because they provide governments with transparent, accurate, and comparable information on emissions sources.

See news release for more information.

$4M to reduce methane emissions in Caribbean Small Island Developing States

At COP27, Canada announced a commitment to accelerate the implementation of methane mitigation projects in the waste sector in Small Island Developing States (SIDS) in the Caribbean. The project will support Belize, Grenada, Guyana and Saint Lucia in creating financially enabling conditions for a sustained expansion of organic waste management technologies that bring significant environmental, economic and social benefits. The goal of this project is to reduce methane emissions and other short-lived climate pollutants by building the capacity of waste stakeholders at the national and municipal levels; providing a forum for participants to share best practices and learn from others in the region; and helping cities prioritize municipal solid waste actions and measures. The project will be administered by the Center for Clean Air Policy in partnership with the Global Methane Hub

See news release for more information.

$3 million to Nature-Based Solutions for Climate Adaptation: Monitoring and Impact project

This project seeks to increase the implementation of best practices and both knowledge and capacities related to nature-based solutions of implementing partners and beneficiaries of Canada's nature-positive climate finance programming in developing countries. Canada's contribution will support gender-responsive nature-based solutions project design, implementation and monitoring; climate change vulnerability and biodiversity assessments and monitoring systems; implementation of corrective actions in projects; tracking of and reporting on the progress of Canada's nature-based solutions and biodiversity portfolio; and wide sharing of tools and lessons to nature-based solutions practitioners and other stakeholders. 

See news release and backgrounder for more information.

$2M to support inclusivity within the United Nations Framework Convention on Climate Change (UNFCCC) process,

At COP27, Canada announced $2 million to support inclusivity within the United Nations Framework Convention on Climate Change (UNFCCC) process. This initiative will deliver capacity-building workshops, in both English and French to enhance leadership of women climate negotiators in developing countries to allow them to participate meaningfully in international climate change negotiations. It will also help enhance Indigenous Peoples' contributions to the UNFCCC, by supporting the implementation of activities under the Local Communities and Indigenous Peoples Platform.

See news release for more information.

$2M to Improving the Association of Southeast Asian Nations' Humanitarian Assistance Capacity in Multi Hazards

This project will support the Association of Southeast Asian Nations (ASEAN) Coordinating Centre for Humanitarian Assistance (AHA Centre). The program will integrate gender, protection and inclusiveness as well as climate change adaptation and environmental sustainability standards and measures into disaster management. Specifically, the project aims to improve the capacity of ASEAN member states and local partners to provide gender-responsive humanitarian assistance and respond to natural and human-induced disasters.

See news release and backgrounder for more information.

$2M to fund methane mitigation projects

Canada will provide $2 million over the next four years to fund methane mitigation projects in developing countries. The projects will be selected based on recommendations from the Global Methane Initiative (GMI). GMI is an international public-private partnership focused on methane reductions and supporting recovery and use of methane as a clean energy sources.

See news release for more information.

$1.25M in early support to establish the Santiago Network to avert, minimize and address loss and damage associated with climate change

At COP27, Canada announced $1.25M in early support to help establish the Santiago Network, designed to help developing countries avert, minimize and address loss and damage associated with climate change. The Santiago Network was established by Parties to the Paris Agreement at COP25 and is intended to facilitate access to technical assistance for developing countries. Canada's initial funding will support the set-up and operationalization of the network including potentially the process for selecting a host organization, setting up a secretariat and the interim arrangements.

See news release for more information.

$957,000 to Nature-Based Climate Solutions Knowledge and Capacity Initiative

This project will strengthen the knowledge and capacity of Southern and Northern civil society and Indigenous peoples and organizations in designing and implementing nature-based solutions for climate adaptation projects that advance gender equality, are socially inclusive and provide biodiversity benefits in the most vulnerable regions of the world, including Sub-Saharan Africa, small island developing states and least-developed countries.

See news release and backgrounder for more information.

$750,000 to Climate Resilience Execution Agency of Dominica (CREAD)

Canada has committed $750,000 in additional funding towards the Climate Resilience Execution Agency of Dominica (CREAD). This funding will bring Canada's contribution to CREAD to over $3.7 million. The project aims to make Dominica's people, infrastructure and systems more resilient to climate-related and natural disasters. This project will help implement key Government of Dominica recovery and reconstruction projects and strengthen capacity in the civil service, allowing Dominica to better manage recovery from future disaster events.

See news release and backgrounder for more information.

Global Forest Finance Pledge

At COP26, Canada endorsed the Global Forest Finance Pledge to help finance the protection, restoration, and sustainable management of forests in developing countries. Through this pledge, signatory countries announced their intention to collectively provide US$12 billion for forest-related climate finance between 2021-2025.

Previous announcements (2015-2021)

In 2021, Canada met its 2015 $2.65 billion international climate finance commitment. Our contributions have played a valuable role in bringing about global climate action and in generating concrete outcomes to tackle the climate crisis. This shows a list of Canada's announcements from 2015 to 2021 to support developing countries transition to low-carbon, sustainable and resilient development.

$340M to the International Fund for Agricultural Development (IFAD)

In July 2021, Canada announced an additional $190 million contribution to IFAD. This contribution will expand support for agriculture development activities in rural areas that create opportunities for small-scale farmers, especially women, and overcome poverty and food insecurity. The contribution supports climate-smart agriculture in developing countries to strengthen environmental sustainability and resilience to climate change and adopt technologies and practices that help mitigate the carbon footprint of agriculture. This contribution is in addition to previously announced $150 million to IFAD in 2020.

See news release for more information.

$300M to the Green Climate Fund (GCF)

In 2015, Canada pledged $300 million to the Green Climate Fund (GCF), the largest dedicated international climate fund, helping developing countries to reduce their greenhouse gas emissions and adapt to the impacts of climate change. The GCF is aiming to invest 50 per cent of its resources to support adaptation, with half of the adaptation funding going to the poorest and most vulnerable countries - as well as mobilizing private sector resources for climate friendly investments.

Canada pledged anadditional $300M in 2019 to the first replenishment of the GCF, of which $50M is part of the $2.65B climate finance commitment. Developed and developing countries have pledged close to US $10 billion to the GCF, including $300 million from Canada.

See news release for more information.

$275M to the World Bank to create the Energy Transition and Coal Phase-Out Program

This program will assist developing countries, particularly in Southeast Asia, to phase out their dependence on traditional coal-fired electricity generation while supporting energy-efficient and renewable-energy alternatives to power their fast-growing economies. The program will also mobilize private-sector financial resources for climate action and provide training and employment opportunities for women in clean-energy sectors.This contribution complements Canada's leadership on the Powering Past Coal Alliance.

See news release for more information.

$250M to the Canada-International Finance Corporation (IFC) Blended Climate Finance Program

The Canada-IFC Blended Climate Finance Program involves a contribution of $250 million from the Government of Canada to mitigate risks deterring private investment in key areas such as resilient infrastructure, climate-smart agriculture, and renewable energy. This financing, when blended with IFC's own investments, will mobilize private capital to help overcome the challenge of climate change.

The Canada-IFC Blended Climate Finance Program aims to mobilize private capital for global climate action and reflects Canada's commitment under the 2015 Paris Agreement to support developing countries in their transition to sustainable and resilient low-carbon economies.

See news release for more information

$223.5M to the second phase of the Canadian Climate Fund for the Private Sector of the Americas (C2F) within the Inter-American Development Bank

The Canadian Climate Fund for the Private Sector in the Americas at the Inter-American Development Bank aims to finance private sector climate mitigation and adaptation projects in Latin America and the Caribbean that need concessional financing to become viable projects. This project includes innovations to promote gender equality as part of mobilizing private sector investments.

See news release for more information.

$200M for Canadian Climate Fund for the Private Sector in Asia at the Asian Development Bank

Through the Canadian Climate Fund for the Private Sector in Asia at the Asian Development Bank, Canada's contribution will support greater private sector participation in climate change mitigation and adaptation in low and lower middle-income countries and upper middle-income small island developing states in Asia and the Pacific. 

See news release for more information.

$150M to the G7 African Renewable Energy Initiative

This funding will unlock the renewable energy potential in Africa through leveraging private sector investment in sectors such as solar, hydro, and wind power.

See news release for more information.

$132.9M to the Canada-African Development Bank Climate Fund

The Fund will allow for gender-responsive climate change mitigation and adaptation projects in developing African countries. Canada's contribution will enhance women's economic rights and participation in climate action, and mobilize private capital to fill the gap in climate investment in Africa.

See news release for more information.

$100M for Climate Risk Insurance

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

See news release for more information.

As part of this initiative, Canada announced$2.5M towards the Ocean Risk and Resilience Action Alliance (ORRAA) in support of the Charlevoix Blueprint for Healthy Oceans, Seas and Resilient Coastal Communities, to help mobilize innovative financing solutions to protect ocean health and build resilience to extreme weather events for vulnerable coastal communities. See news release for more information.

$92M to the Global Environment Facility (GEF)

As part of Canada's overall contributions to the Global Environment Facility (GEF)^{Footnote 1}  to address global environmental challenges and support sustainable development, $92M are being delivered for programing in support of climate change adaptation and mitigation.

$75M to the World Bank Sustainable Forest Landscape program

This contribution will support the reduction of greenhouse gas emissions by addressing deforestation and forest degradation and foster conservation, sustainable management and enhancement of forest resources in developing countries, including in the Caribbean.

See news release for more information.

$60M to establish a Renewable Energy in Small Island Developing States Program at the World Bank

This funding supports the expansion of clean energy systems and infrastructure (including battery solutions), 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.

See news release for more information.

$55M for the Land Degradation Neutrality (LDN) Fund

Canada's contribution will help the LDN Fund achieve its mission of restoring degraded land and reducing or avoiding greenhouse gas emissions. Canada's contribution will help maximize development impact and increase private sector investment in land restoration.

See news release for more information.

$50M for the G7 Climate Risk Insurance Initiative

Canada's contribution will help provide access to insurance against extreme weather to an additional 400 million poor and vulnerable people.  This includes $40 million to the Africa Risk Capacity (ARC) for climate risk insurance.

See news release for more information.

$37.5M to the Least Developed Countries Fund (LDCF)

Through the Least Developed Countries Fund (LDCF), Canada's contribution will address the adaptation needs of the poorest and most vulnerable countries. Through the implementation of critical, on-the-ground projects, this funding will focus on sectors including water, agriculture and food security, health, disaster risk management and prevention, infrastructure, and fragile ecosystems.

See news release from November 30, 2015 and from August 26, 2019 for more information.

$35M to reduce short-lived climate pollutants (SLCPs)

Reducing SLCPs is critical to meeting the Paris Agreement goal of holding the increase in the global average temperature to well below 2 degrees Celsius, and to pursuing efforts to limit temperature increase to 1.5 degrees Celsius.

Of this funding, $25 million will support the implementation of Nationally Determined Contributions through partnerships with countries such as Mexico, Chile, and Pacific Alliance and West Africa countries. The remaining $10 million is directed to the Climate and Clean Air Coalition (CCAC), an international initiative aimed at advancing efforts to reduce SLCPs in ways that protect the environment and public health, promote food and energy security and address near-term climate change.

See news release for more information.

$20M for Canada-CARICOM Climate Adaptation Fund

This funding will provide support adapted to the needs and capacities of CARICOM countries for initiatives leveraging multilateral and private sector financing in areas such as agriculture, water infrastructure, and environmental sustainability.

See news release for more information.

$10M to the Climate Risk Early Warning System (CREWS) initiative through the World Meteorological Organization (WMO)

Canada's contribution to the CREWS project will help improve early warning systems in some of the most vulnerable communities, including small island developing states. These systems have been proven to reduce loss of life and economic hardship caused by meteorological hazards such as tropical cyclones, floods, severe storms, forest fires, and heat waves.

See news release for more information.

$9.5M to the Climate Finance Access Network (CFAN)

Implemented by the Rocky Mountain Institute, this contribution to CFAN will help some of the most climate-vulnerable countries, notably Pacific small island developing states, to more easily access international climate finance.

This Network will help empower developing countries to chart their own course in securing climate finance more quickly and effectively by deploying highly-trained climate finance advisors dedicated to securing climate financing for priority investments in climate resilience and energy transition. 

See news release for more information.

$5M for the UNFCCC Capacity Building Initiative for Transparency (CBIT)

The Capacity Building Initiative for Transparency (CBIT) will support projects to help developing countries fulfill transparency requirements of the Paris Agreement. The CBIT is operationalized by the Global Environment Facility, to which Canada is an important donor and an active Council member.

See news release for more information.

$5M for gender and climate finance (Convergence)

Canada's contribution will support the development of innovative climate finance initiatives in which gender is a core element under the direction of Convergence - one of the world's leading conveners and supporters of blended finance for development and an active promotor of gender lens investing.

See news release for more information.

$5M to support the Partnership for Market Implementation (PMI)

In partnership with the World Bank, Canada's contribution will assist developing countries in designing, piloting, and implementing domestic carbon-pricing.

See news release for more information.

$4M for the National Adaptation Plan Global Network (NAP Global Network)

Managed by Canada-based International Institute for Sustainable Development (IISD), Canada's contribution to the NAP Global Network will support adaptation planning in developing countries with a focus on small island developing states.

This funding will empower developing countries 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.

See news release from November 19, 2016 and from June 10, 2018 for more information.

$3M for the Transformative Carbon Asset Facility (TCAF) at the World Bank

This initiative will focus on clean-energy projects and on lessons learned from carbon trading mechanisms to help developing countries find new ways to reduce their emissions.

See news release for more information.

$2.5M for the Climate Technology Centre and Network (CTCN)

Through the Clean Technology Centre and Network (CTCN), Canada is helping developing countries access clean, innovative technologies that will help them pollute less and better adapt to the effects of climate change, in sectors such as energy, water, forestry, and agriculture.

See news release for more information.

$2M 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.

See news release for more information.