09
Sep
• New report shows climate finance by multilateral development banks rose 10% in 2024 compared with previous year.
• MDBs’ climate finance for low- and middle-income economies increased 14% to more than $85 billion.
• Mobilised private finance for climate investments worldwide jumped 33% in 2024.
Global climate finance by multilateral development banks (MDBs) increased 10% last year, reaching a record $137 billion, with the majority directed to low- and middle-income economies. MDBs including the European Investment Bank (EIB) announced the year-on-year...