National Pledges to the Green Climate Fund
Countries listed in order of contribution magnitude.
- United States: $3 billion
- United Kingdom: $1.1 billion (£720 million) – in September 2015 the UK increased its climate finance pledge to nearly $8.8 billion by 2020 (£ 5.8 billion over next 5 years).
- The most of any European nation, the UK pledged to fund up to 12 percent of the GCF over three years. This money will come out of the UK’s existing climate aid budget, Prime Minister David Cameron said.
- Japan: $1.5 billion
- Germany: $825 million (€750 million) – in March 2015, Germany announced it would double its annual climate finance allocation, pledging nearly $9.3 billion by 2020 (€8.3 billion over the next 5 years)
- Germany announced its contribution in July 2014, making the first major pledge for the Green Climate Fund. The funding was included in Germany’s 2014 federal budget as an addition to its international climate programs.
- France: $825 million (€750 million) – in September 2015 France increased its climate finance pledge to $5.62 billion annually by 2020.
- France’s €750 million contribution will be distributed from 2015-2018. President François Hollande has repeatedly said that the Green Climate Fund is a key component of the international climate agreement.
- Sweden: $500 million (SEK 4 billion)
- Most of Sweden’s pledge will come from existing overseas aid commitments, but around $70 million will be additional aid funding. The contribution will come over a four-year period.
- Italy: $313 million (€250 million)
- Canada: $240 million ($300 million CAD)
- Norway: $207 million (NOK 1.6 billion)
- Norway doubled its original pledge after the first pledging conference, and will contribute NOK 400 million every year for the next four years.
- Australia: $155 million ($200 million AUD)
- Australia’s contribution will be distributed over four years and will come from its existing foreign aid budget. Previously, the Abbott administration had indicated that Australia did not intend to pledge to the Green Climate Fund.
- Spain: $150 million (€120 million)
- The Netherlands: $110 million (€100 million)
- Finland: $100 million (€80 million)
- The first year, Finland will contribute €34.7 million, with the rest of the pledge coming in the following three years. The first tranche will be financed from emission allowance auctions, and the entirety of the pledge will be donated aid.
- South Korea: $100 million
- The Green Climate Fund is based in South Korea, and the country initially pledged $50 million to kickstart the fundraising. Their $100 million pledge includes that initial contribution.
- Switzerland: $100 million
- Denmark: $70 million (400 million kroner)
- Belgium: $62 million (€50 million)
- Austria: $25 million
- Austria’s environment minister said they would consider doubling their pledge to $50 million in 2015.
- Mexico: $10 million
- Luxembourg: $6.3 million (€5 million)
- Colombia: $6 million
- Peru: $6 million
- The Czech Republic: $5.5 million
- Hungary: $3.57 million (1 billion HUF)
- New Zealand: $3 million
- Panama: $1 million
- Latvia: $1 million
- Monaco $0.312 million
- Chile: $0.3 million
- Liechtenstein: $0.05 million (50,000 CHF)
- Indonesia: $0.25 million
- Iceland: $0.2 million
- Malta: $0.1 million
- Poland: $0.1 million
- Mongolia: $0.05 million
See the official GCF pledge tracker update, dated July 2015, for more details.
Other Finance Initiatives:
- Norway: $500 million per year through 2020 to protect forests
- China: $3.1 billion to South-South Cooperation Fund
MDGs:
- The Asian Development Bank announced today that they will increase their annual commitment to climate financing from $3 billion to $6 billion to support implementation of the sustainable development goals by 2020 (two-thirds will go to mitigation and one-third will go to adaptation).
- The European Bank for Reconstruction and Development (EBRD) plans to raise financing for green projects to 18 billion euros ($20.17 billion) in the next five years.
- The Inter-American Development Bank announced it would increase the percentage of its funding that goes towards climate finance from the current 14% to between 25 and 30% over the next five years, which will roughly double the current amount going towards climate projects.
- The World Bank announces it could increase the percentage of its funding that goes towards climate finance from the current 21% to 28%, which could equal $29 billion a year by the year 2020.