Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.
International Climate FinancingTuesday, November 01, 2016 > 14:49:21
The Government of Canada is committed to support climate change action in developing countries, delivering $2.65 billion between now and 2020.
Climate change is one of the greatest threats facing humanity with implications on health, agriculture, economy, trade, and transportation and energy infrastructure that is being felt by all countries. Developing countries, particularly the poorest and most vulnerable, are the hardest hit by climate change and many have limited capacity to prevent and cope with its consequences. Canada is doing its part to ensure a sustainable future for all, including by supporting developing countries transition to green economies and build climate resilience.
This webpage provides detailed information on climate change projects and initiatives supported by Canada. Contributions can be browsed by geographic distribution using the interactive map below or by clicking directly on region or country names. Projects can also be browsed by keywords and sectors using the search tool
Canada’s contribution is a substantial increase from historical levels of climate funding, scaling up to $800 million during the fifth year (2020-2021), and representing a doubling of Canada’s previously largest climate investment ever.
Canada’s participation in the Green Climate Fund is aimed at supporting projects, programs, policies, and other activities to address climate change in developing countries. Developed and developing country pledges to the Green Climate Fund so far amount to over USD $10 billion and the Fund is now operational.
Over recent years, donor countries have successfully scaled-up efforts to mobilize global climate finance. A recent report by the Organisation for Economic Co-operation and Development (OECD) estimated that donor countries mobilized USD $62 billion in climate finance in 2014, up from USD $52 billion in 2013.