Development Banks Hit $163 Billion Climate Finance Milestone

Of the total funding, low- and middle-income nations secured $103 billion—a 21% increase over the previous year. The allocation split $68 billion for mitigation efforts and $35 billion for adaptation measures, alongside $35 billion in mobilized private-sector investment. High-income economies received $60 billion, with these regions already hitting their 2030 targets five years early while attracting an additional $80 billion in private capital.

The 2025 Joint Report, coordinated by the European Investment Bank and the European Bank for Reconstruction and Development, aggregates data from ten major institutions including the World Bank and the Asian Development Bank. To bolster accountability, a new digital dashboard launched in April 2026 now provides public access to these figures, offering granular breakdowns of financial flows. As discussions shift toward the COP30 summit in Belém, these banks are emphasizing that this scale of investment is essential for countries to decouple economic growth from carbon intensity.