Icon, currency note featuring a leaf set against a green circle

Climate Finance

Recognizing the high stakes of tackling climate change, developing countries are already allocating precious dollars towards mitigation and adaptation. This money is a crucial investment in the safety and prosperity of their citizens for generations to come.

Yet governments alone simply cannot meet the costs. Particularly those battling to lift their citizens out of poverty. Much more is needed.

At COP15 in Copenhagen, developed countries committed to the goal of mobilizing US$100 billion each year for climate action in developing countries. The commitment was reiterated in the Paris Agreement.

To meet the climate finance challenge, UNDP has been working with governments to better track existing climate-related spending – both public and private – and to make that spending go further.

At the same time, UNDP has been supporting Ministries of Finance to access new sources of finance, from international funds to private investment, and to better integrate climate change and linked environmental concerns into economic and financial policies.

Since 2008, UNDP has supported more than 140 countries to access over $3.2 billion in grants, covering adaptation, mitigation, forests and more, contributing to priorities set out under countries’ Nationally Determined Contributions.

Under the Climate Promise, UNDP is continuing to assist countries to identify their financial requirements, and to plan for and mobilize resources, including from innovative mechanisms such as green bonds and carbon markets.

Latest Updates

See all

Latest Updates

See all
Climate finance is essential for transitioning to a low-carbon global economy and meeting the challenges of climate change. Here's your 101.
If left unmanaged, transboundary climate risks could impede progress towards the Sustainable Development Goals.
Despite facing fragility and conflict, Haiti, Papua New Guinea and Guinea-Bissau are investing in long-term adaptation planning.

Latest Publications

See all
This policy brief investigates the critical role that private sector finance plays in achieving Nationally Determined Contribution (NDC) targets in…