International climate finance is an important priority for the Government. The Government has made significant progress in scaling up Ireland's international climate finance in recent years. Ireland’s International Climate Finance Roadmap sets out how we will deliver on the target of providing at least €225 million annually in climate finance by 2025. This target constitutes a more than doubling of Ireland's climate finance since it was made by the Taoiseach at COP 26. We are on track to meet this target this year, due to increases in climate finance provided in Budgets in recent years.
In 2023, Ireland provided €159.2 million in climate finance. Some 66%, of Ireland's total climate finance was channelled to programmes and projects that targeted resilience and adaptation to climate change. Cross-cutting activities, those which target both climate change adaptation and mitigation, received 20% of overall financial support. Mitigation focused activities received the remainder of support, approximately 14%.
In 2024, we estimate that Ireland provided in the region of €190 million in climate finance, again heavily weighted towards adaptation. A finalised figure for 2024 will be published following verification of Ireland’s Official Development Assistance (ODA) data by the OECD Development Assistance Committee (DAC) which is expected later this year.
All of Ireland's climate finance constitutes ODA, as defined by the OECD DAC. As such, Ireland’s climate finance is not separate to ODA.