Climate financing

 

Since 2010, within the framework of the climate agreements concluded at UN meetings in Copenhagen and Cancun, a significant amount of DGD's budget has been earmarked for climate financing every year. The Paris Climate Agreement (2015) saw developed countries pledge to mobilise $100 billion a year by 2020 for the transition to low-carbon development and for adaptation to climate change in developing countries. Belgium undertook to contribute €50 million annually to international climate financing. In the inter-federal agreement on the sharing of Belgian climate and energy objectives for the period 2013-2020, it was agreed that the federal government would bear half of this commitment. The Government Agreement (2014-2019) envisages that the federal government will continue to contribute to international climate financing, including through its development cooperation.

Below is a graph showing Belgium's annual contribution to international climate financing and the federal government's share in it. More details about this funding (and the latest figures) can be found here: http://cdr.eionet.europa.eu/be/eu/mmr/art16_finance.
 

Graph Belgian contribution to international climate financing for 2013-2018 in EUR

Belgian contribution to international climate financing for 2013-2018 in EUR

 
 Belgian climate financing is mainly channelled through multilateral funds such as GEF, LDCF and GCF.