German climate finance is not to grow in 2022 and 2023 as would be consistent with gradually fulfil the German government’s pledge made the G7 summit in 2021.| The German contribution to International Climate Finance
At the G7 summit, Germany commits to increase the budget allocations for climate finance from currently around four billion euros to six billion euros annually by 2025 at the latest.| The German contribution to International Climate Finance
International climate finance is vital to global cooperation on climate change. As many developing countries reel from the effects of coronavirus, the prospect of climate-induced extreme weather risks compounding crises and poverty. Climate change could undo decades of progress in development and dramatically increase global inequalities. There is an urgent need for climate finance to help countries cope and adapt.| Oxfam International
Wealthy nations are expected to fall up to $75 billion short of fulfilling their long-standing pledge to mobilize $100 billion each year from 2020 to 2025 to help the most vulnerable countries adapt to the dangerous effects of climate change and reduce their emissions, according to estimates by Oxfam today. | Oxfam International