Climate Finance for Developing Countries: G20's Commitment to Climate Justice

Climate finance is critical for developing countries to mitigate and adapt to climate change. The G20 is working to mobilize climate finance and ensure it reaches those who need it most.

The Climate Finance Challenge

• $100 billion annual commitment not yet met
• Insufficient adaptation finance
• Limited access for vulnerable countries
• Complex application processes
• Debt concerns

G20 Climate Finance Priorities

1. Mobilization

• Public finance
• Private sector mobilization
• Innovative instruments
• Blended finance

2. Access

• Simplified processes
• Capacity building
• Technical assistance
• Direct access

3. Quality

• Grants vs. loans
• Concessional terms
• Predictability
• Additionality

4. Transparency

• Tracking flows
• Reporting
• Accountability
• Monitoring

Key Mechanisms

• Green Climate Fund
• Adaptation Fund
• Climate Investment Funds
• Multilateral Development Banks

South Africa's Focus

• Adequate finance
• Fair access
• Concessional terms
• Capacity support