Canada’s International Climate Finance
See sixteen thematic Climate Finance Briefing Papers below.Â
See a summary of current Canadian international climate finance data below.Â
Overview Papers
Brian Tomlinson, May 2026. Less than Meets the Eye: Canada’s new climate pledge and what it might mean for vulnerable countries: Some preliminary reflections. This paper are personal reflections and analysis by the author and do not necessarily reflect the views of C4D and its members for whom the author undertakes research on Canada’s climate finance. It adopts some assumptions for the allocation of this new five year pledge for which there is no confirmation at the time of writing.
Brian Tomlinson, February 2026. Summarizing the Evaluation Report for Global Affairs Canada’s Climate Finance Program.
Government of Canada, June 2025. Evaluation of Global Affairs Canada’s Climate Finance Programming, Evaluation Report.
Government of Canada, October 2025. Management Response and Action Plan (MRAP):Â Â Evaluation of Global Affairs Canada’s Climate Finance Programming.
Government of Canada, August 2025. Evaluation of the International Climate Finance Program, Environment and Climate Change Canada.
Brian Tomlinson, October 2025. Potential Private Sector Avenues for Canada’s 2026/27 to 2030/31 Climate Finance Pledge. A short briefing note on potential directions for a new climate finance pledge by Canada and the implications for the quality of this climate pledge with increased private sector engagement.
UPDATED April 2025    Brian Tomlinson, April 2025, An Overview of Canadian International Climate Finance, 2015/16 to 2023/24: Key Trends and Future Directions A summary paper bringing together the highlights of the Climate Finance Briefing Papers, with proposals for future directions.
Setting Canada’s Five-Year International Climate Finance Pledge for 2026/27 to 2030/31: An Ambitious Good Faith Contribution to Canada’s Fair Share (June 2024) A Summary of proposals by the Canadian Coalition on Climate Change and Development (C4D)
This research has been prepared for and supported by the Canadian Coalition on Climate Change and Development (C4D). The author alone is responsible for the analysis and any errors or omissions.
Summary of Canada’s Climate Finance Data (January 2026)
Summary of Basic Climate Finance Data (January 2026) as pdf here
A. Canada’s Climate Finance Pledge (January 2026)
Canada’s Current 5-Year Climate Pledge (2021/22 to 2025/26):Â $5,300 Million
Estimated Allocated to Date (Commitments):Â $4,301.9 million (81% of Pledge)Â Note:Â Does not include announced commitments at COP30 (November 2025)
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 2026)
$5.3 Billion Pledge (to date)                                          $2.65 Billion Pledge
Mitigation: $2,912.5 Million (62.2%)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: 68%
Adaptation: $1,742.6 Million (37.2%)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: 31%
Loss and Damage: $23.8 Million (0.6%)
Adaptation Commitment: 40% of $5.3 billion pledge ($2,120 million)
C. Grants and Loans in Climate Finance (January 2026)
$5.3 Billion Pledge   (to date)                                              $2.65 Billion Pledge
57% loans / 43% grants                                                  66% loans / 34% grants
Commitment for grants in $5.3 billion pledge: 40%
D. Delivery Channels (January 2026)
                                             $5.3 Billion Pledge (to date)     $2.65 Billion Pledge
Multilateral Development Banks         47.5%                                 54%
Other Multilateral Institutions          34.5%                                 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 13.6%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%                                   2.4%
Private Sector                      3.8%                                   1.5%
* Note, if there is no further substantial allocations through CSOs, CSOs will implement approximately 12% 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 2022/23. 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 2022/23
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
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 November 2025 (January 2026)
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 (March 2025)
Briefing Note Four: FinDev Canada and Climate Finance: Implementing $2.7 billion in new climate finance (July 2026)
Briefing Note Five: Estimating Canada’s total Climate Finance Contributions, All Sources, (February 2025)
Part Two: Key Themes in Canada’s $5.3 Billion Climate Pledge
Briefing Note Six: Adaptation in Canada’s Climate Finance (January 2026)
Briefing Note Seven: Gender Equality, Women’s Empowerment in Canada’s Climate Finance (April 2025)
Briefing Note Eight: Canadian Civil Society and Climate Finance (April 2025)
Briefing Note Nine:Â Allocations to Climate Vulnerable Countries and People (April 2025)
Briefing Note Ten: The Third Pillar: Addressing Climate Related Loss and Damage (December 2024)
Briefing Note Eleven: Nature Based Solutions: Biodiversity and Climate Finance (October 2024)
Briefing Note Twelve: Agriculture and IFAD in Canada’s Climate Finance (December 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 (July 2025)
Briefing Note Fourteen: Reforming an International Financial Architecture: Fit-for-purpose for climate finance (February 2025)
Briefing Note Fifteen: A Vicious Circle: The debt, climate and nature crises (July 2025)
Part Four: Achieving the $2.65 Billion Climate Pledge, 2015/16 to 2020/21
Briefing Note Sixteen:Â A Profile of Allocations of Canada’s $2.65 billion Pledge Projects (July 2022)
Briefing Note Sixteen, Annex One:Â $2.65 Billion Climate Pledge Projects: Details (July 2022)
Briefing Note Seventeen: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)