What you need to know about European climate finance

Herders bring their livestock to be vaccinated in Siti Zone, Ethiopia, where the European Commission's Humanitarian Aid and Civil Protection Department funds resilience building activities to mitigate the impact of climate change in the area. The European Union is one of the biggest climate finance donors. Photo by: Malini Morzaria / EU / ECHO / CC BY-NC-ND

When it comes to helping poor nations cope with the effects of climate change, money is a central issue.

As the world’s largest climate finance donor, the European Union plays a pivotal role in shaping how the global community combats climate change. In 2014, the European Commission and the 28 European Union member states jointly provided 14.5 billion euros ($15.8 billion) worth of grants and loans for global climate action. Commitments from EU member states also make up almost two-thirds of all pledges so far signed by the United Nations Green Climate Fund.

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About the author

  • Devos manola

    Manola De Vos

    Manola De Vos is a development analyst for Devex. Based in Manila, she contributes to the Development Insider and Money Matters newsletters. Prior to joining Devex, Manola worked in conflict analysis and political affairs for the United Nations, International Crisis Group and the European Union.