Germany announces US$174 million climate adaptation financing for LMICs

During COP26, Germany announced its support for low- and middle-income countries' (LMICs) climate change adaptation efforts by pledging €150 million (US$174 million) to multilateral climate adaptation funds.

The Ministry for Economic Cooperation and Development will contribute €100 million (US$116 million) to the Least Developed Countries Fund (LDCF), which supports the low-income countries’ work program under the United Nations Framework Convention on Climate Change; Germany is the Fund's largest donor. The Ministry for the Environment pledged €50 million (US$58 million) to the Adaptation Fund, which supports LMICs in adapting and building resilience to climate change. The pledges are part of commitments announced by incumbent Chancellor, Angela Merkel, during the Climate Adaption Summit in January 2021.

In total, Germany contributes approximately €2.0 billion (US$2.3 billion) per year to international climate adaptation financing.

Press release - Ministry for Economic Cooperation and Development (in German)