Photo: Josh Estey/CARE

Hollow Commitments: An Analysis of Developed Countries' Climate Finance Plans

In 2009, developed countries committed to contribute USD 100 billion of climate finance annually to developing countries from 2020 onwards, with the finance to be balanced between support for climate change adaptation and mitigation.

Developed countries have updated their plans outlining the climate finance they aim to provide in coming years. But despite some progress in wealthy countries’ reporting of these future efforts, they are still unable to provide evidence that they will actually deliver on their collective commitment to provide USD 100 billion in annual support.

Furthermore, only six wealthy countries have presented serious plans for redressing the imbalance in climate finance, which continues to be heavily skewed towards support for mitigation.

It is clear that developing countries and those that are particularly vulnerable to adverse impacts of climate change will not obtain the support to which they are entitled unless the wealthy countries change course.

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Somalia_Man with cane standing under tree looking at goats in dry area

Photo: Georgina Goodwin/CARE

For CARE International, climate justice is about realizing a future in which the poorest and most marginalized people have significantly improved their wellbeing and can enjoy their human rights. Our goal is that by 2030, 25 million poor and marginalized people, particularly women and girls, have strengthened their resilience and adaptive capacities to the effects of the climate emergency.

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