EU Provides €32.3 Billion in Public Climate Finance and Mobilises €9.3 Billion in 2025

The European Union and its 27 member states provided €32.3 billion in public climate finance and mobilized an additional €9.3 billion in private financing for developing countries in 2025, according to figures the EU Council published on 29 October 2026. The funding supports efforts to reduce greenhouse gas emissions and strengthen resilience to climate change. The figures were released ahead of the COP31 climate conference, scheduled for 9 to 20 November 2026 in Antalya, Türkiye.

 

According to data compiled by the European Commission, 48% of the EU's public climate finance supported climate adaptation or activities combining adaptation and emissions-reduction objectives. Grant-based financing accounted for 41% of the total public contribution. The €32.3 billion figure includes €4.3 billion from the EU budget, including the European Development Fund, and €2.7 billion from the European Investment Bank. The reported total combines bilateral financing commitments with multilateral financing disbursements during 2025.

 

Read more: OECD: Biodiversity Development Finance Triples to $34.2 Billion, but Gaps Remain

 

The additional €9.3 billion in private finance was mobilized through public financing interventions, including guarantees, syndicated loans, direct investments in companies and credit facilities. This amount excludes the public capital used to mobilize the private investment, distinguishing it from the EU's public finance contribution. The approach reflects efforts to use public resources to attract additional private investment into climate mitigation and adaptation projects in developing economies.

 

The figures form part of the EU's international climate finance reporting obligations under its governance regulation and support transparency around its contributions to the Paris Agreement. They also provide context for discussions on international climate financing ahead of COP31, including implementation of the New Collective Quantified Goal on Climate Finance adopted in 2024. The EU has reaffirmed its commitment to supporting developing countries through public funding, financial instruments and private capital mobilization. However, the reported amounts represent financing commitments, disbursements and mobilized capital rather than independently verified environmental outcomes.

 

Source: Council of the EU and the European Council