Canada Announces New Funding to Strengthen Climate Action and Economies
Ottawa, February 5, 2025 – Today, during International Development Week, the Government of Canada announced new funding to support climate action and economic development in developing countries.
The announcement was made by the Minister of International Development, Harjit Sajjan, who said that the funding will help countries transition to clean energy, adapt to the impacts of climate change, and build more resilient and inclusive economies.
“Climate change is one of the most pressing issues facing our world today,” said Minister Sajjan. “We know that we need to take action now to reduce emissions and help communities adapt to the impacts of climate change. This funding will help us work with our partners around the world to build a more sustainable and prosperous future for all.”
The funding will be provided through a variety of programs, including:
- The Climate Action Fund: This fund will provide $200 million over five years to support developing countries in reducing emissions and adapting to the impacts of climate change.
- The Clean Energy Transition Fund: This fund will provide $100 million over five years to support developing countries in transitioning to clean energy.
- The Sustainable Economic Growth Fund: This fund will provide $150 million over five years to support developing countries in building more resilient and inclusive economies.
The funding will be used to support a variety of projects, including:
- Renewable energy projects
- Energy efficiency projects
- Climate adaptation projects
- Economic development projects
The Government of Canada is committed to working with its partners around the world to build a more sustainable and prosperous future. This funding is a key part of that commitment.
Canada announces new funding during International Development Week to strengthen climate action and economies
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