In 2022, global climate finance averaged nearly 1.3 trillion U.S. dollars. The annual need for climate finance is expected to rise dramatically over the next decades. By 2030, roughly nine trillion U.S. dollars will be required annually, and that figure is to reach an estimated 10.8 trillion U.S. dollars by 2050. Despite the considerable increase in climate finance requirements, the amount needed is only a fraction of the economic losses due to climate change estimated under a business-as-usual scenario.
Climate finance worldwide in 2022, and average estimated annual needs in 2030 and 2050
(in billion U.S. dollars)
Needs in 2030 and 2050 are based on the average scenario
Supplementary notes
* Value is the average for 2021 and 2022.
Climate finance needs estimates for 2030 and 2050 include direct investments in climate-specific physical assets and exclude transition-related unabated fossil fuel finance.
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Climate Policy Initiative. (November 2, 2023). Climate finance worldwide in 2022, and average estimated annual needs in 2030 and 2050 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/1448955/global-climate-finance-estimated-annual-needs/
Climate Policy Initiative. "Climate finance worldwide in 2022, and average estimated annual needs in 2030 and 2050 (in billion U.S. dollars)." Chart. November 2, 2023. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/1448955/global-climate-finance-estimated-annual-needs/
Climate Policy Initiative. (2023). Climate finance worldwide in 2022, and average estimated annual needs in 2030 and 2050 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/1448955/global-climate-finance-estimated-annual-needs/
Climate Policy Initiative. "Climate Finance Worldwide in 2022, and Average Estimated Annual Needs in 2030 and 2050 (in Billion U.S. Dollars)." Statista, Statista Inc., 2 Nov 2023, https://www.statista.com/statistics/1448955/global-climate-finance-estimated-annual-needs/
Climate Policy Initiative, Climate finance worldwide in 2022, and average estimated annual needs in 2030 and 2050 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1448955/global-climate-finance-estimated-annual-needs/ (last visited November 17, 2024)
Climate finance worldwide in 2022, and average estimated annual needs in 2030 and 2050 (in billion U.S. dollars) [Graph], Climate Policy Initiative, November 2, 2023. [Online]. Available: https://www.statista.com/statistics/1448955/global-climate-finance-estimated-annual-needs/
