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Canada announces $116 million in international climate finance

Canada has announced $116 million for 12 international climate projects, the first new funding under a five-year $13-billion goal.

Wind turbine and solar panels at an energy site
Illustrative stock photo: Arno Senoner / Unsplash (cropped and resized).

Canada has announced $116 million for 12 international climate-finance projects, the first new funding under the federal government’s five-year goal of delivering $13 billion in climate-related support to developing countries.

Environment and Climate Change Canada says the package includes up to $10 million for the Climate Risk and Early Warning Systems initiative, up to $10 million for the International Energy Agency’s Clean Energy Transitions Programme, and up to $12 million for the National Adaptation Plan Global Network.

The remaining projects cover emissions mitigation and climate resilience. The department says the broader $13-billion goal combines government funding, multilateral development-bank support, Export Development Canada activity and private finance mobilized by public resources.

The announcement was made at COP31 in Antalya, Türkiye. The release describes intended funding and expected results; delivery will depend on the individual project agreements and implementation.

Sources

Featured image: illustrative stock photo by Arno Senoner via Unsplash under the Unsplash License. Cropped and resized for publication; it does not depict the reported event.

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