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Report · 14 December 2023
CPI Global Landscape of Climate Finance 2023
Average annual climate finance flows reached almost USD 1.3 trillion in 2021/2022, nearly doubling compared to 2019/2020 levels.
Report14 December 2023
Back to all storiesAverage annual climate finance flows reached almost USD 1.3 trillion in 2021/2022, nearly doubling compared to 2019/2020 levels. This increase was primarily driven by a significant acceleration in mitigation finance (up by USD 439 billion from 2019/2020). The remainder of the growth observed in 2021/2022 (USD 173 billion each year) stems from methodological
improvements and new data sources, which augment the flows tracked in 2019/2020. Without these data improvements, annual finance flows in 2021/2022 would have amounted to just below USD 1.1 trillion.
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• Global Landscape of Climate Finance 2023
• Executive Summary l Global Landscape of Climate Finance 2023
• GLCF 2023 Methodology
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