Two years ago, at the 26th climate change conference, or COP 26, the U.S. Agency for International Development set out an ambitious target — to raise $150 billion to combat climate change.
Last year, that commitment formed a key plank of a more detailed strategy, covering the period up to 2030, involving investments in clean energy and financial instruments such as green bonds and grants.
Now, officials tell Devex, the move represents a key transition for USAID. The agency is making climate a central part of its broader development agenda. All parts of the sprawling foreign aid agency — from humanitarian affairs, public health, and education all the way to democratic rights and governance — will include climate as part of their mission.