Press release
Tánaiste announces €50 million in climate-related funding at COP28
From Department of Foreign Affairs
Published on
Last updated on
From Department of Foreign Affairs
Published on
Last updated on
Tánaiste and Minister for Foreign Affairs Micheál Martin today announced €50 million to support climate-related projects in countries most vulnerable to the impacts of climate change. The Tánaiste announced the funding package while attending the COP28 Summit.
The new funding announced by the Tánaiste is part of Ireland’s commitment to increase climate finance. The funding package will see Ireland support a wide range of adaptation initiatives in countries most vulnerable to the impacts of climate change.
The package also includes an allocation of over €6 million specifically for Small Island Development States (SIDS). The Tánaiste today launched Ireland’s new SIDS strategy to deepen relationships with SIDS countries.
Speaking at COP28, Tánaiste Micheál Martin said:
“Ireland wants to see tangible and solid results from COP28. We need countries to be bolder in terms of their climate mitigation actions. We also need countries to step-up and provide additional funding to support the adaptation measures that are urgently needed in countries already on the front line of the climate crisis.
“Ireland’s climate finance has doubled since 2015. By 2025, we will meet our commitment to provide at least €225 million annually in climate finance. That will see us contribute to protecting communities already feeling severe impacts of climate change. Some of this funding will be ring-fenced to specifically support Small Island Developing States (SIDS), many of whom are in a battle for survival. Ireland’s new SIDS strategy will outline how we will deepen our engagement and relationships with SIDS over the coming years.”
The new funding announced today includes:
The Tánaiste undertook a series of engagements at COP28 today, including two events Ireland co-hosted with USAID focusing on strengthening climate responses to food systems and supporting locally-led adaptation. The Tánaiste was joined by Mary Robinson to launch Ireland’s second strategy for partnership with Small Island Developing States.
Ireland’s climate funding pledges announced today by Tánaiste Micheál Martin:
1. International Fund for Agricultural Development (IFAD): €25 million. This is a doubling of Ireland’s contribution to IFAD, which includes €10 million for a new climate facility.
2. Women in the Sustainable Economy (WISE) Initiative: €5 million.
3. International Institute for Environment and Development (IIED): €3.5 million.
4. Least Developed Country (LDC) Fund: €2.5 million.
5. Special Climate Change Fund (SCCF): €2 million.
6. International Institute for Sustainable Development (IISD): €2 million.
7. International Federation of the Red Cross and Red Crescent Societies (IFRC): €2 million contribution to the IFRC climate resilience programme and platform.
8. Climate KIC: €1.5 million.
9. START Ready: €1 million.
10. 4th International Conference on Small Island Developing States: €1 million.
11. Systematic Observations Financing Facility (SOFF): €1 million.
12. Least Developed Country Initiative for Effective Adaptation and Resilience (LIFE-AR): €1 million.
13. NGOs in Brazil: €1 million supporting indigenous communities in the Amazon.
14. UN Climate Security Mechanism (UNCSM): €800,000 to a body which helps the UN system address climate-related security risks more systematically.
15. Clean Cooking Alliance: €750,000.