Ireland provided €120.8 million in climate finance in 2022

More than €120 million was provided by Ireland in 2022 to help developing countries tackle climate change, a new report shows. The Climate and Environmental Finance Report 2022 was launched by Tánaiste and Minister for Foreign Affairs Micheál Martin.

The detailed report shows that Ireland provided €120.8 million in 2022, an increase of 21% from 2021.

Launching the report, the Tánaiste stated: “Last year was the hottest ever on record. The wildfires, droughts, and flash flooding that affected millions across the world have brought home the brutal realities of climate change. Countries and communities that have done the least to bring about this crisis are the ones hit hardest by its impacts. Climate finance is crucial in the fight against climate change. Irish Aid and our partners are helping the most vulnerable to build resilience and adapt. We remain on track for reaching our target of providing at least €225 million in climate finance to developing countries per year by 2025.”

Ireland is committed to reaching the most vulnerable

In line with Ireland’s climate finance priorities, 80% of the funding contributed to initiatives that support developing countries to adapt to the impacts of climate change.

Minister of State for International Development and Diaspora, Sean Fleming added: “Ireland recognizes the urgency to respond to the climate crisis and address the impact it is having globally. People in some of the poorest countries in the world are suffering disproportionately. This report demonstrates our commitment to reaching the furthest behind first and to channelling support to those most at risk of being left behind as a result of the climate crisis.”