In lead up to COP26, Sweden doubles climate finance ODA

In preparation for the COP26 climate conference in Glasgow, Scotland, the Swedish government announced its intention to double official development assistance (ODA) for climate finance to reach SEK15.0 billion (US$1.7 billion) by 2025.

Sweden made the announcement before the Summit in hopes that it would increase pressure on other high-income countries to increase global support for climate finance.

Swedish ODA for climate finance primarily seeks to reduce emissions and develop more resilient societies in low-income countries. Through the additional provision of capital, Sweden hopes to persuade recipients to adopt more ambitious action plans to adapt to and mitigate climate change.

Press release – Government Offices of Sweden (in Swedish)