Sweden increases climate support to the most vulnerable countries
Financing climate action in developing countries has been an important issue during the climate negotiations in Bonn. The Paris Agreement contains commitments that lead to a need to scale up support.
Sweden already provides considerable support to international climate action and is the largest per capita donor to several climate-related funds, including the Green Climate Fund, the Adaptation Fund and the Global Environment Facility. Funds are to go to concrete action to reduce emissions and adapt societies to a changing climate.
The Government has raised its level of ambition and, to strengthen efforts, is now providing additional funds of SEK 185 million each to the Adaptation Fund and the Least Developed Countries Fund.
"Climate change is having devastating effects around the world. The least developed countries, which do not have sufficient resources to adapt their societies, are the most vulnerable. Countries with high levels of greenhouse gas emissions must increase their support to live up to the Paris Agreement. Sweden's Government is taking responsibility and is now providing additional financing," says Minister for International Development Cooperation and Climate Isabella Lövin.