In 2025, the European Union and its 27 Member States contributed €32.3 billion in climate finance from public sources and mobilised an additional amount of €9.3 billion of private finance to support developing countries to reduce their greenhouse gas emissions and adapt to the impacts of climate change, according to a Council of the EU press release published on Thursday 29 October.
The €32.3 billion includes €4.3 billion from the EU budget and €2.7 billion from the European Investment Bank.
The figures, which amend the conclusions of the Economic and Financial Affairs Council (Ecofin) on international climate finance, were published ahead of COP31, to be held from 9 to 20 November in Antalya, Türkiye: 48% of the public climate funding for developing countries has been directed to climate adaptation or to cross-cutting action. Grants account for a significant share (41%) of the public contribution from the EU and its Member States.
The collective goal for developed countries is to mobilise $100 billion a year.
Links to the conclusions and addendum: https://aeur.eu/f/o65 ; https://aeur.eu/f/o61 (Original version in French by Solenn Paulic)