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Climate finance worldwide in 2023, and average estimated annual needs from 2024 through 2030 (in billion U.S. dollars)

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Source

Release date

October 2024

Region

Worldwide

Survey time period

2023

Special properties

Needs through 2030 under the 1.5°C scenario.

Supplementary notes

*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.

Citation formats

Forecast global climate finance annual needs 2023-2030

Published by ÌÇÐÄÆƽâ°æ Research Department, Jan 30, 2025

In 2023, global climate finance reached a record high of *** 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.

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