In 2023, global climate finance reached a record high of 1.6 trillion U.S. dollars. However, this falls well short of the average annual climate finance needed from 2024 through 2030 under a 1.5°C scenario. Despite the considerable increase in climate finance requirements, the amount needed is only a fraction of the economic losses due to climate change estimated under a business-as-usual scenario.
Climate finance worldwide in 2023, and average estimated annual needs from 2024 through 2030
(in billion U.S. dollars)
*The 2023 climate finance value is an estimate between 1.5 and 1.6 trillion USD.
Climate finance needs estimates for 2030 and 2050 include direct investments in climate-specific physical assets and exclude transition-related unabated fossil fuel finance.
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Climate Policy Initiative. (October 31, 2024). Climate finance worldwide in 2023, and average estimated annual needs from 2024 through 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved April 06, 2025, from https://www.statista.com/statistics/1448955/global-climate-finance-estimated-annual-needs/
Climate Policy Initiative. "Climate finance worldwide in 2023, and average estimated annual needs from 2024 through 2030 (in billion U.S. dollars)." Chart. October 31, 2024. Statista. Accessed April 06, 2025. https://www.statista.com/statistics/1448955/global-climate-finance-estimated-annual-needs/
Climate Policy Initiative. (2024). Climate finance worldwide in 2023, and average estimated annual needs from 2024 through 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: April 06, 2025. https://www.statista.com/statistics/1448955/global-climate-finance-estimated-annual-needs/
Climate Policy Initiative. "Climate Finance Worldwide in 2023, and Average Estimated Annual Needs from 2024 through 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Oct 2024, https://www.statista.com/statistics/1448955/global-climate-finance-estimated-annual-needs/
Climate Policy Initiative, Climate finance worldwide in 2023, and average estimated annual needs from 2024 through 2030 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1448955/global-climate-finance-estimated-annual-needs/ (last visited April 06, 2025)
Climate finance worldwide in 2023, and average estimated annual needs from 2024 through 2030 (in billion U.S. dollars) [Graph], Climate Policy Initiative, October 31, 2024. [Online]. Available: https://www.statista.com/statistics/1448955/global-climate-finance-estimated-annual-needs/
