Indicator update: Climate change financing as share of Climate Debt, by country (Climate Funds Update)
2017
‘Climate Funds Update‘ is providing information on finance for developing countries to address climate change. Around $26 billion has currently been funded (money deposited; data from October 2016), of which 96% is country-sourced. If all sources of income are included¹, then the funds amount to $30 billion, of which 81% is country-sourced. The country-sourced climate finance has increased by 25% since June 2016 (in eight months). The previous seven month the increase was 24%.
The table below shows: 1) the current Climate Debt per capita in ClimatePositions, 2) the per capita climate change financing (funding) to developing countries and 3) the climate financing as share of the Climate Debt. The table includes 35 countries with both climate change financing and Climate Debt in ClimatePositions. Note that only countries with full data in ClimatePositions are included.
The following 61 countries with Climate Debt has zero climate change financing (alphabetically; see the latest ‘Ranking‘): Albania, Algeria, Angola, Armenia, Bahamas, Bahrain, Barbados, Belarus, Bolivia, Bosnia and Herzegovina, Botswana, Brunei, Bulgaria, Chile, Croatia, Dominican Republic, Ecuador, Egypt, Equatorial Guinea, Fiji, Gabon, Guatemala, Guyana, Honduras, Indonesia, Iran, Iraq, Israel, Jamaica, Jordan, Kazakhstan, Kuwait, Lebanon, Libya, Lithuania, Macedonia, Malaysia, Mauritius, Mongolia, Montenegro, Morocco, Oman, Papua New Guinea, Peru, Poland, Qatar, Romania, Saudi Arabia, Serbia, Slovakia, Suriname, Thailand, Trinidad and Tobago, Tunisia, Turkmenistan, Ukraine, United Arab Emirates, Uruguay, Uzbekistan, Venezuela and Vietnam.
The table below is read like this: The Swedish Climate Debt accumulated since 2000 is $1,117 per capita, the climate change finance is $106 per capita, and the climate financing amounts to 9.44% of the Climate Debt (Sweden ranks 1st among the 99 countries with Climate Debt). Note that the climate change financing (funding) has already been subtracted to reach the Climate Debt. For comparison, see the ‘Table from June 2016‘.
[Some figures in this article were corrected 22/5 2017]
| . | Climate Debt | Climate financing | Share of | |
| . | per capita | per capita | Climate Debt | |
| . | . | . | . | |
| Sweden | $1,117 | $106 | 9.44% | |
| Norway | $5,819 | $384 | 6.60% | |
| United Kingdom | $1,064 | $71 | 6.65% | |
| Denmark | $718 | $42 | 5.79% | |
| Switzerland | $741 | $36 | 4.87% | |
| Germany | $1,761 | $35 | 2.00% | |
| France | $1,072 | $23 | 2.14% | |
| Japan | $2,151 | $25 | 1.14% | |
| Finland | $2,817 | $36 | 1.29% | |
| Belgium | $2,386 | $23 | 0.98% | |
| Netherlands | $2,922 | $25 | 0.87% | |
| Spain | $1,305 | $10 | 0.80% | |
| Luxembourg | $13,057 | $86 | 0.66% | |
| Canada | $5,049 | $24 | 0.48% | |
| Ireland | $2,668 | $13 | 0.48% | |
| Austria | $2,327 | $9 | 0.40% | |
| Iceland | $941 | $3 | 0.32% | |
| Australia | $6,116 | $19 | 0.32% | |
| India | $2 | $0 | 0.31% | |
| United States | $6,637 | $18 | 0.26% | |
| Italy | $1.052 | $3 | 0.26% | |
| Hungary | $317 | $1 | 0.19% | |
| New Zealand | $1,737 | $3 | 0.18% | |
| Slovenia | $1,564 | $2 | 0.15% | |
| Panama | $244 | $0 | 0.10% | |
| Estonia | $1,984 | $2 | 0.08% | |
| Czech Republic | $1,569 | $1 | 0.07% | |
| Portugal | $904 | $1 | 0.06% | |
| Cyprus | $1,448 | $1 | 0.06% | |
| South Korea | $4,261 | $2 | 0.05% | |
| Mexico | $365 | $0 | 0.04% | |
| Brazil | $149 | $0 | 0.02% | |
| Greece | $1,337 | $0 | 0.02% | |
| South Africa | $818 | $0 | 0.01% | |
| Indonesia | $118 | $0 | 0.01% | |
| Turkey | $475 | $0 | 0.01% | |
| China | $670 | $0 | 0.00% | |
| Russia | $1,644 | $0 | 0.00% |
¹All sources of income in Climate Funds Update include Certified Emission Reductions, investment and the Private Sector.
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Source on climate change financing is from ‘Climate Funds Update‘ (The Data / Contributions to the funds / Multilateral by country / Money deposited).
PowerPoint image (with picture from ‘pixabay‘) by Claus Andersen, 2017.
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