Contributions from the EU and its member states to help developing countries reduce their greenhouse gas emissions and cope with the impacts of climate change have more than doubled since 2013.
The total was confirmed in the context of conclusions adopted by finance ministers today, ahead of COP25, the UN climate change conference, which will take place in Madrid from 2 to 13 December 2019.
The EU and its member states remain the largest provider of public climate finance. Their total contributions amounted to €21.7 billion in 2018, up from €20.4 billion in 2017. The contributions were successfully channelled into climate change mitigation and adaptation initiatives in developing countries.
The contribution is seen as an important step towards the implementation of the legally binding climate change agreement reached in Paris in December 2015.