In the organizations who, at the end of 2021, Canada committed to doubling its climate finance pledge the day, actually implement the climate over the next five years, and is co-leading a process alongside action projects. [...] recipients; it’s channelled through initiatives In 2020, Canada ranked 8th among 29 providers within Multilateral Development Banks (MDBs) of bilateral climate finance on the Development and through other multilateral institutions, the Assistance Committee (DAC) of the Organisation majority of which slow to deliver funds and are for Economic Co-operation and Development. [...] They CLIMATE FINANCE COMMITMENTS), 2020 rely on a one-size-fits-all approach, for the most part have failed to respond quickly to the needs 1 Germany (28.8%) of the most climate vulnerable countries, and have yet to develop adequate gender-related and 2 Indigenous and human rights’ safeguards across France (18.8%) all programmes. [...] The promise to double its climate finance to CAD 5.3 billion over the next five years is a big step. [...] The target climate finance story of 40% of climate finance for adaptation also represents an in- is the vast quantities of crease of 150% in the dollar value of adaptation finance compared money our governments to Canada’s previous pledge – a significant improvement, but one spend on fossil fuel that shows how much catch-up work Canada still has to do.
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