Q&A: Canada needs to triple its climate financing for other countries, climate NGOs say

With the current climate finance cycle ending in 2026, Canada can show leadership by committing to a larger dollar amount at this yearโ€™s COP in Baku.

Why It Matters

Canadaโ€™s international financial contribution of $5.3 billion to combat climate change falls short of its fair share in quantity and quality according to experts. Tripling the money, disbursed in grants and not loans, and prioritizing adaptation is needed.

Nearly 200 countries will convene in Baku, Azerbaijan, next month to decide how to finance the mitigation of climate changeโ€”and Canada is already behind, according to experts.

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