International Climate Finance Archives

International Climate Finance

Climate change is already hurting our planet and its people. Flooding, drought, more intense storms, decreased food production and increased water scarcity, and greater vulnerability to disease are causing heightened suffering around the world.

Although wealthy countries like the United States are most responsible for creating the climate crisis, the world’s poorest and most vulnerable people are paying the highest price — in lives and livelihoods lost.

Dealing with climate change is incredibly expensive. Though cost estimates vary, the bottom line is that the less we do now, the more we will pay later.

International climate finance is the provision of funds by developed countries for developing countries to take climate action. People in developing countries require climate finance to meet their health, food, energy, and other daily needs. Climate finance is an ethical, moral, and legal obligation, and an essential component of international climate negotiations.

Friends of the Earth U.S. advocates for the U.S. to provide its fair share of funding, commensurate with what science, justice, and equity demand. We equally push for climate action that is of high environmental and social integrity, people-centered, and democratically-controlled.

For an overview of climate finance, see Paying the High Cost of Climate Chaos: The Story of Climate Finance. Our infographic visualizes who is most responsible for climate change on a global scale (spoiler alert – the U.S.!), who gets hurt the most, what needs to be done, who should pay, where the money can come from, and where the money should go.



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Latest News See All
Report: Despite 2021 funding cuts, international public finance for fossils could rebound if gas is excluded from US climate policy

New research released today by Oil Change International and Friends of the Earth U.S. reveals that in 2021, G20 countries and major multilateral development banks continued their preferential financing of fossil fuels.

New Report Exposes World Bank Support for Gas in Vietnam

Today Recourse, Friends of the Earth U.S. and Asian Peoples Movement for Debt and Development released a new report that reveals the World Bank’s role in pushing for new and expanded gas power and LNG import infrastructure in Vietnam.

Climate groups from around world call on World Bank President David Malpass to be fired

Climate change organisations under the Big Shift Coalition have called on the World Bank to fire its President David Malpass.

Latest Blog Posts See All
International Finance Corporation Flashes Warning Signs for Green Climate Fund
International Finance Corporation Flashes Warning Signs for Green Climate Fund

The IFC doesn’t know what a lot of its money is doing, and that’s bad. Though the subject matter might at first seem a bit dull, a recent monitoring report of the financial sector lending of the International Finance Corporation (IFC) is a doozy for the warnings it provides to…

Five things Trumps Paris Climate Speech got wrong in his attack on Green Climate Fund
Five things Trumps Paris Climate Speech got wrong in his attack on Green Climate Fund

Donald Trump announced this afternoon that the United States will begin the process of withdrawing from the Paris Agreement. During his remarks, Trump made a series of inaccurate and misleading statements about the Green Climate Fund in connection to his withdrawal decision.

5 simple reasons to oppose HSBC and Credit Agricole at the Green Climate Fund
5 simple reasons to oppose HSBC and Credit Agricole at the Green Climate Fund

Either Wednesday or Thursday of this week, the Board of the Green Climate Fund will decide whether or not banking giants HSBC and Credit Agricole will become "accredited entities" of the GCF. Accredited entities are official partners of the GCF; they can receive and manage GCF funds. Here are five…

Resources See All
  • At A Crossroads
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  • April 2022 Comments to EXIM on Pemex Support
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  • Comments to UK government on overseas fossil fuel support ban
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