Canada’s International Climate Finance
Summary of Climate Finance Data (January 2024)
Summary of Climate Finance Data as pdf here
See Detailed Climate Finance Briefing Papers Below
November 2023 Powerpoint Summary Update on Canada’s Climate Finance for C4D
This research has been prepared for and support by the Canadian Coalition on Climate Change and Development (C4D). The author alone is responsible for the analysis and any errors or omissions.
Â
A. Canada’s Climate Finance Pledge (January 2024)
Canada’s Current 5-Year Climate Pledge (2021/22 to 2025/26):Â $5,300 Million
Estimated Allocated to Date (Commitments):Â $3,175.5 million (60% of Pledge)
Canada’s “fair share” of bilateral portion of the pledge of US$100 billion annually to 2025 is CAN$9 billion (based on the relative size of the Canadian economy). The $5.3 billion pledge is 59% of this fair share.
Canada’s Previous 5-Year Climate Pledge (2015/16 to 2020/21): $2,650 Million
Allocated (Commitments): $2,698 (100%)
B. Mitigation / Adaptation Allocations (January 2024)
$5.3 Billion Pledge (to date)                                          $2.65 Billion Pledge
Mitigation: $2,072.1 Million (65%)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Mitigation: 64%
Adaptation: $1,079.6 Million (34%)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Adaptation: 36%
Loss and Damage: $23.8 Million (1%)
Adaptation Commitment: 40% of $5.3 billion pledge ($2,120 million)
C. Grants and Loans in Climate Finance (January 2024)
$5.3 Billion Pledge   (to date)                                              $2.65 Billion Pledge
47% loans / 53% grants                                                  66% loans / 34% grants
Commitment for grants in $5.3 billion pledge: 40%
D. Delivery Channels (January 2024)
                                             $5.3 Billion Pledge (to date)     $2.65 Billion Pledge
Multilateral Development Banks                43%                                 54%
Other Multilateral Institutions                  39%                                 37%
Civil Society Organizations* Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 17%Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 4.6%
Governments                                         1%                                   2.4%
Private Sector                                          1%                                   1.5%
* Note, if there is no further substantial allocations through CSOs, CSOs will implement 10% of the $5.3 billion pledge.
E. Gender Equality & Women’s Empowerment (January 2024)
$5.3 Billion Climate Pledge:
Significant Purpose Gender Equality:Â 96% of total climate finance disbursements, 2021/22 to 2022/23
Principal Purpose Gender Equality: 1.9% of total climate finance disbursements, 2016/17 to 2020/21. 4.1% of adaptation project disbursements were for projects with principal purpose gender equality.
Not Marked (No Gender Equality Objective):Â 2.6% of total climate finance disbursements, 2016/17 to 2020/21
F. Nature Based Solutions (November 2023)
Commitment:Â 20% of $5.3 billion pledge ($1,060 million)
Estimated committed to date (November 2023):Â $1,488 million (140% of $1,060 million commitment)
Canadian Climate Finance Briefing Papers, 2022 – 2023
Part One: An Overview of the $5.3 Billion Pledge, 2021/22 to 2025/26
Briefing Note One: Analyzing Canada’s $5.3 Billion Climate Pledge: Announced Commitments, 2021/22 to August 2023 (January 2024)
Government of Canada, Canada’s Framework for Climate Finance, 2022
Briefing Note Two: Accelerating Coal Transition (November 2023)
Briefing Note Three: Update on the Green Climate Fund (July 2023)
Briefing Note Four: FinDev Canada Climate Related Projects (January 2024)
Briefing Note Five: Estimating Canada’s total Climate Finance Contributions, All Sources, 2016/17 to 2020/21 (January 2023)
Part Two: Key Themes in Canada’s $5.3 Billion Climate Pledge
Briefing Note Six: Adaptation in Canada’s Climate Finance (January 2024)
Briefing Note Seven: Gender Equality, Women’s Empowerment and Climate Finance (January 2024)
Briefing Note Eight: Canadian Civil Society and Climate Finance (January 2024)
Briefing Note Nine:Â Allocations to Climate Vulnerable Countries and People (April 2024)
Briefing Note Ten: The Third Pillar: Addressing Climate Related Loss and Damage (January 2024)
Briefing Note Eleven: Climate Action and Nature Based Solutions (May 2023)
Briefing Note Twelve: Agriculture and IFAD in Canada’s Climate Finance (January 2024)
Part Three: Ranking Canada’s Performance with Other Providers
Briefing Note Thirteen:Â Canada’s International Climate Finance: An International Comparison with DAC Peers (October 2023)
Briefing Note Fourteen: The Bridgetown Initiative: An international financial architecture fit for purpose for climate finance (August 2023)
Part Four: Achieving the $2.65 Billion Climate Pledge, 2015/16 to 2020/21
Briefing Note Fifteen:Â A Profile of Allocations of Canada’s $2.65 billion Pledge Projects (July 2022)
Briefing Note Fifteen, Annex One:Â $2.65 Billion Climate Pledge Projects: Details (July 2022)
Briefing Note Sixteen:Â Summary of Canada’s Six Special MDB Funds for Climate Finance (July 2022)
Data Sources and Methodological Notes  Â
The data and Briefing Notes on Canada’s climate finance were researched and written by Brian Tomlinson (AidWatch Canada) in July 2022, and updated in January 2024, prepared for the Canadian CSO Coalition on Climate Change and Development (C4D).
Earlier Climate Finance Reports
Canadian Climate Finance, 2021
Brian Tomlinson, 2021.  The Reality of Canada’s International Climate Finance, 2021. Setting a Framework for the Allocation of Canada’s $5.3 billion Post-2020 Climate Finance,  October 2021.
Annex One: What We Heard on Canada’s Future Climate Finance Strategy for Developing Countries;Â Â Annex Two: 2021 Federal Budget International Assistance Envelope; Annex Three: Nature-based Solutions;Â Â Annex Four: Biodiversity and Indigenous Issues Marker;Â Â Annex Five: Canada’s $2.65 billion Climate Commitment Projects;Â Â Annex Six: Six Canada Funds at Multilateral Development Banks – Projects;Â Â Annex Seven: FinDev Canada Climate Related Projects;Â Â Annex Eight: Multilateral Climate Finance, 2015 to 2019;Â Â Annex Nine: Sector Allocations for $2.65 billion Commitment;Â Â Annex Ten: Focus on Gender Equality in Canada’s Climate Finance;Â Â Annex Eleven: Canada and DAC Donors;Â Â Annex Twelve: The Green Climate Fund – An Update
Canadian Climate Finance 2020
Brian Tomlinson, 2020. The Reality of Canada’s International Climate Finance, 2020, Setting the Stage for Canada’s Post-2020 Climate Finance. Prepared for the Canadian Coalition on Climate Change and Development, September 2020.
Annex One: Methodology;Â Annex Two: UNFCCC Reported Climate Finance;Â Â Annex Three: Canada’s $2.65B Climate Projects;Â Â Annex Four: Canada’s Funds at the MDBs;Â Â Annex Five:Â Green Climate Fund Update;Â Â Annex Six:Â FinDev Canada’s Climate-Related Projects;Â Â Annex Seven:Â Trends in Climate Finance Disbursements;Â Â Annex Eight:Â Trends in Sector Allocations;Â Â Annex Nine: Trends in Delivery Channels;Â Â Annex Ten:Â Trends in Gender Equality;Â Â Annex Eleven:Â Canada and other DAC Donors;Â Â Annex Twelve:Â Portfolio for Achieving Canada’s Fair Share Climate Finance
Canadian Climate Finance, 2019
Brian Tomlinson, 2019. The Reality of Canada’s International Climate Finance, 2019, Towards a Fair Share Climate Finance Portfolio for Canada; Prepared for the Canadian Coalition on Climate Change and Development (C4D), October 2019
Annex One (Methodology); Annex Two ($2.65 billion commitment projects);Â Annex Three (Canada Funds at Multilateral Banks); Annex Four (GAC Climate Finance Disbursements);Â Annex Five (Gender Equality and Climate Finance); Annex Six (Extracts from GAC “Environment and Climate Action”); Annex Seven (Sector Allocations of GAC Climate Finance); Annex Eight (Financing Priorities for the Green Climate Fund)