A FAIR SHARE OF CLIMATE FINANCE? ASSESSING QUANTITY, QUALITY AND ALIGNMENT WITH GENDER GOALS

BY LAETITIA PETTINOTTI, SARAH COLENBRANDER AND TONY KAMNINGA

17/11/25

The gap between the levels of investment needed to halt the rise of global carbon dioxide emissions and respond to a warming world, and what the international community has delivered, is stark. Photo: kazi arifuzzaman / Unsplash

This is an annual report assessing each developed country’s ‘fair share’ of the $100 billion and its progress towards delivery. In the latest 'fair share' report on climate finance contributions, many countries delivered two and three times their 'fair share', while others met barely a third of theirs. Yet, many countries that failed to meet their 'fair share' still saw significant increases in their provision of climate finance compared to the previous year's data.

With climate finance, total figures and quantities usually make the headlines, but quality is also critically important. Geopolitical tensions, characterised by shrinking aid budgets and a challenging multilateral landscape, make this particularly relevant in 2025. By evaluating each country's performance and providing accountability and transparency, this report aims to sustain ambition amongst those already delivering on their commitments, and encourage renewed conviction from those who aren't.

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