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Home » Finance » Annual Global Climate Finance Exceeds $1 Trillion for the First Time, Indicating Positive Trend
Finance

Annual Global Climate Finance Exceeds $1 Trillion for the First Time, Indicating Positive Trend

By Philip BrooksNovember 6, 20233 Mins Read
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The annual flow of climate finance exceeded $1 trillion in 2021, marking the first time since the adoption of the Paris Agreement in 2015. The Climate Policy Initiative's (CPI) "Global Landscape of Climate Finance 2023" report revealed that the average annual flows in 2021 and 2022 amounted to nearly $1.3 trillion, doubling compared to levels

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